The pair has once again is the setting of the bullish trend above the 200 SMA at H1 chart and remains stuck in a range through the board of directors. According to our projections in the short term, we expect that the pair GBP/USD has reached the resistance zone of 1.3309, which could be offered to a new test of the moving average mentioned above. If it manages to break this area, a leg of a decline in the direction of the 1.3037 level is expected.
H1 chart’s resistance levels: 1.3201 / 1.3309
H1 chart support levels: 1.3037 / 1.2870
Trading recommendations for today: Based on the chart H1, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is 1.3037, take profit is at 1.2870 and stop loss is at 1.3201.