Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4328. According to the 30M time – frame, I found successful rejection of the upward trendline, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.4334 and at the price of 1.4430.
Resistance levels:
R1: 1.4335
R2: 1.4430
R3: 1.4600
Support levels:
S1: 1.4065
S2: 1.3895
S3: 1.3800
Trading recommendations for today: watch for potential buying opportunities.
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