The pair didn't manage to consolidate above the resistance level of 1.2911, but it seems that a consolidation above the 200 SMA at the H1 chart is taking place and it could hold for the rest of the week. If the level of 1.2962 is broken, then it can rally to test the psychological level of 1.3000. MACD indicator remains in the negative territory.
H1 chart's resistance levels: 1.2911 / 1.2962
H1 chart's support levels: 1.2845 / 1.2791
Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2845, take profit is at 1.2791 and stop loss is at 1.2900.
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