Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2909. According to the 1H time frame, I found a completed double bottom formation, which is a sign that selling looks risky. My advice is to watch for potential buying opportunities due to a breakout of the neckline. The upward projection is set at the price of 1.2965.
Resistance levels:
R1: 1.2910
R2: 1.2925
R3: 1.2945
Support levels:
S1: 1.2875
S2: 1.2855
S3: 1.2840
Trading recommendations for today: watch for potential buying opportunities.
