The pair was favored by the bulls' force during Wednesday, amid USD weakness across the markets. The resistance level of 1.2911 is trying to keep buyers contained, by if it gives up, then we may expect a rally's continuation towards 1.2962. Instead, we should prefer to follow the bearish structure once it manages to break below 1.2845 once again.
H1 chart's resistance levels: 1.2911 / 1.2962
H1 chart's support levels: 1.2845 / 1.2791
Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2845, take profit is at 1.2791 and stop loss is at 1.2900.
