Recently, the GBP/USD pair has been trading sideways at the price of 1.3064. Anyway, the price was rejected to go back into a trading range, which is a sign that selling looks risky and that buyers are in control on the market. The short-term trend is bullish and my advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3100 and 1.3150.
Resistance levels:
R1: 1.3080
R2: 1.3115
R3: 1.3150
Support levels:
S1: 1.3015
S2: 1.2985
S3: 1.2950
Trading recommendations for today: watch for potential buying opportunities.
