Recently, the GBP/USD has been trading downwards. The priced spiked up and tested the level of 1.2795. According to the 30M time frame, I found climatic action and testing of H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2728 and 1.2700.
Resistance levels:
R1: 1.2800
R2: 1.2860
R3: 1.2900
Support levels:
S1: 1.2710
S2: 1.2650
S3: 1.2615
Trading recommendations for today: watch for potential selling opportunities.
