GBP/USD analysis for August 01, 2018
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3120. Anyway, according to the H1 time frame, I found the rejection of the support (upward trendline), which is a sign that selling looks risky. I also found breakout of the intraday supply trendline, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3175 and at the price of 1.3212.
Trading recommendations for today: watch for potential buying opportunities.