Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3061. According to the 15M time frame, I found a successful breakout of yesterday's low at the price of 1.3017. Most recently, I found a buying climax in the background, which is a sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3050 and 1.3000.
Resistance levels:
R1: 1.3085
R2: 1.3105
R3: 1.3120
Support levels:
S1: 1.3050
S2: 1.3040
S3: 1.3020
Trading recommendations for today: watch for potential selling opportunities.
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