Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3051. According to the 30m time frame, I found a potential bearish flag in creation. There is also a hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3053 and 1.3010.
Resistance levels:
R1: 1.3135
R2: 1.3200
R3: 1.3240
Support levels:
S1: 1.3030
S2: 1.2990
S3: 1.2920
Trading recommendations for today: watch for potential selling opportunities.
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