Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2893. Anyway, according to the 30M time frame, I found a fake breakout of yesterday's low at the price of 1.2910, which is a sign that selling looks risky. There is a hidden bullish divergence in the background, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.2945 and 1.2955.
Resistance levels:
R1: 1.2960
R2: 1.2980
R3: 1.3000
Support levels:
S1: 1.2915
S2: 1.2890
S3: 1.2870
Trading recommendations for today: watch for potential buying opportunities.
