Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2989. Anyway, according to the Daily time frame, I found a false breakout of the 20-day high and overbought RSI (2 period). My advice is to watch for potential selling opportunities. The downward targets are set at the prices of 1.2835 and 1.2760.
Resistance levels:
R1: 1.2985
R2: 1.2990
R3: 1.3000
Support levels:
S1: 1.2960
S2: 1.2955
S3: 1.2945
Trading recommendations for today: watch for potential selling opportunities.
