The GBP/USD pair rallied on Wednesday following another sellers' wave that hit the sentiment in the US dollar across the markets. Currently, GBP/USD is challenging the resistance zone of 1.2957, where a breakout should expose the next key area of 1.2984. Overall, the range is still untouched and the pair should consolidate above it in order to reach the important level of 1.3000.
H1 chart's resistance levels: 1.2957 / 1.2984
H1 chart's support levels: 1.2911 / 1.2855
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.2957, take profit is at 1.2984 and stop loss is at 1.2928.
