FX.co ★ GBP/USD

GBP/USD: Chart M 15. The instrument is trading above the daily pivot level FPV: 1.31850. If the price moves down and goes below the daily pivot, then the following levels may become downside targets: D1 Sup C:1.3163, yLow: 1.31499, MN1 Sup:1.31219. If the price bounces off these support levels and moves up, then the nearest target is the daily pivot level. The upside targets above the daily pivot may be the following resistance levels: R2: 1.32269, R3: 1.32528, H4 Res1.32598, D1 Res:1.32888, R5: 1.33625. If the price goes below the MN 1 Sup :1.31219 level, then the decline may continue towards S4:1.30753, S5: 1.30075.