On the H1 chart, the GBP/USD pair is making a bullish retracement above the support level of 1.5097. This recovery is rather usual for this pair as the bearish momentum during the last Friday was very strong. By the way, the level of 1.5097 could be tested again and the GBP/USD pair could fall more and even reach new lows during this weak.
Daily chart's resistance levels: 1.5247 / 1.5364 Dailychart's support levels: 1.5086 / 1.4948 H1 chart's resistance levels: 1.5162 / 1.5221 H1 chart's support levels: 1.5097 / 1.5028
Trading recommendations for today: Based on the H1 chart, place short (sell) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.5097, take profit is at 1.5028, and stop loss is at 1.5163.
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Uitgevoerd door, Analytische expert
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