Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3160. According to the 30M time – frame, I found successful testing of 4 day resistance at the price of 1.3177, which is a sign that aggressive sellers entered the market. There is also a hidden bearish divergence on the moving average oscilator in the background, which is another sign of weakness. My advice is to watch for potential selling opportunities.
Resistance levels:
R1: 1.3180
R2: 1.3213
R3: 1.3260
Support levels:
S1: 1.3100
S2: 1.3050
S3: 1.3020
Trading recommendations for today: watch for potential selling opportunities.
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