Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3859. Anyway, according to the 15M time – frame, I found a successful rejection of the pivot support 1 at the price of 1.3863, which is a sign that selling looks risky. I also found a hidden bullish divergence on the 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 1.3928 and at the price of 1.3953.
Resistance levels:
R1: 1.3928
R2: 1.3953
R3: 1.3955
Support levels:
S1: 1.3863
S2: 1.3820
S3: 1.3796
Trading recommendations for today: watch for potential buying opportunities.
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