GBP/USD analysis for July 04, 2017

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Recently, the GBP/USD has been trading downwards. The price tested the level of 1.2915. Anyway, according to the 30M time frame, I found potentially hidden buying activity. There is a fake breakout of yesterday's low at the price of 1.2930. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.2930, 1.2975 and 1.3015.

Resistance levels:

R1: 1.3000

R2: 1.3057

R3: 1.3090

Support levels:

S1: 1.2915

S2: 1.2880

S3: 1.2825

Trading recommendations for today: watch for potential buying opportunities.

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