Hello everyone and successful trading! The GBPUSD pair's rate today once again approached the resistance at 1.2970, but failing to break through, it is attempting to start a corrective pullback. Over the past few trading days, the situation has changed little due to the prolonged flat within the range of levels 1.2848 - 1.3000. The support at 1.2939 is also an important level, as sellers need the price to firmly establish below it for a downward correction to develop. As long as this has not happened, there is a high probability of the price rising towards the resistance at 1.3000, from where a new downward bounce may occur. However, in case of a breakthrough of the 1.3000 level, one should expect an attempt to rise to the next level at 1.3031, but not likely today. The downside targets for intraday decline remain the support levels at 1.2939 - 1.2909 and 1.2878, from which possible upward attempts should also be expected.
