Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3005. Anyway, according to the 15M time frame, I found selling climax in the background and testing of supply in a low volume, which Is sign that selling looks risky. There is also a hidden bullish divergence on the RSI (14), which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3045, 1.3065 and 1.3080.
Resistance levels:
R1: 1.3110
R2: 1.3170
R3: 1.3215
Support levels:
S1: 1.3000
S2: 1.2950
S3: 1.2890
Trading recommendations for today: watch for potential buying opportunities.
