Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3481. Anyway, according to the 1H time – frame, I found a fake breakout of the support cluster, which is a sign that selling looks risky. I also found a hidden bullish divergence on the moving average oscillator and bullish outside bar, which is a sign of strength. My advice is to watch for potential buying opportunities. The upwad targets are set at the price of 1.3580 and at the price of 1.3610,
Resistance levels:
R1: 1.3579
R2: 1.3620
R3: 1.3655
Support levels:
S1: 1.3503
S2: 1.3465
S3: 1.3425
Trading recommendations for today: watch for potential buying opportunities.
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