Recently, the GBP/USD has been trading sideways at the price of 1.3850. According to the 30M time – frame, I found a successful rejection of the pivot level (1.3830), which is sign that selling looks risky. I also found bullish breakout of 1 -hour balance, which is another sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3895 and at the price of 1.3940.
Resistance levels:
R1: 1.3895
R2: 1.3940
R3: 1.4006
Support levels:
S1: 1.3785
S2: 1.3720
S3: 1.3673
Trading recommendations for today: watch for potential buying opportunities.
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