Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3055. According to the 15M time frame, I found broken trading range in the background, which is a sign that selling looks risky. I also found a successful test bar in a low volume, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upawrd target is set at the price of 1.3100.
Resistance levels:
R1: 1.3080
R2: 1.3130
R3: 1.3215
Support levels:
S1: 1.2945
S2: 1.2860
S3: 1.2810
Trading recommendations for today: consider potential buying opportunities.
