Technical market overview:
The GBP/USD pair has made a new local high at the level of 1.3147, but the candle made on that way up was a Doji candle, which indicates a possible change of the uptrend to the downtrend. Moreover, there is a clear negative divergence between the price and the momentum oscillator, so the move down towards one of the supports located at the levels of 1.3108 or 1.3100 is coming soon.
Weekly Pivot Points:
WR3 - 1.3379
WR2 - 1.3241
WR1 - 1.3168
Weekly Pivot - 1.3018
WS1 - 1.2944
WS2 - 1.2805
WS3 - 1.2718
Trading recommendations:
The buy orders from yesterday have hit the take profit level, so now they should be closed. Due to the Doji candlestick formation, all daytraders should open only the sell orders as close as possible to the level of 1.3140. The targets are seen at the levels of 1.3108 and 1.3100. The swing traders target is located at the level of 1.3047.
