GBP/USD remains in a bearish mode and continues to test fresh lows below the 200 SMA at H1 chart. It's expected to see a decline towards the support zone of 1.3309, at which we could expect consolidation moves. However, current dynamics doesn't invalidate the overall bullish scenario in the pair and the nearest target to the upside lies at 1.3592.
H1 chart's resistance levels: 1.3592 / 1.3755
H1 chart's support levels: 1.3309 / 1.3209
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3592, take profit is at 1.3755 and stop loss is at 1.3430.
