Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3007. According to the 30M time frame, I found that the pair is trading in the upward channel and that there is a successful testing of lower diagonal. Besides, I found a hidden bullish divergence on the moving average oscilator, which is another sign of strength. My advice is to watch for potential buying opportuntiies. The upward targets are set at 1.3055 and 1.3100.
Resistance levels:
R1: 1.3060
R2: 1.3090
R3: 1.3125
Support levels:
S1: 1.3000
S2: 1.2960
S3: 1.2930
Trading recommendations for today: watch for potential buying opportunities.
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