Recently, the GBP/USD pair has been trading sideways at the price of 1.2770 According to the 15M time frame, I found a big buying climax in the background and a broken symmetrical triangle, which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2730 and 1.2700.
Resistance levels:
R1: 1.2785
R2: 1.2800
R3: 1.2810
Support levels:
S1: 1.2760
S2: 1.2750
S3: 1.2735
Trading recommendations for today: watch for potential selling opportunities.
