Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3307. Anyway, according to the H1 time – frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the MACD oscillator in creation, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3395 and at the price of 1.3463.
Trading recommendations for today: watch for potential buying opportunities.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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