GBP/USD analysis for July 24, 2018
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3128. Anyway, according to the H1 time – frame, I found potential buying climax in the background, which is a sign that buying looks risky. I also found a rejection of the supply trendline (resistance), which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3035 and at the price of 1.2960.
Trading recommendations for today: watch for potential selling opportunities.