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The pair keeps capped by the 200 SMA at H1 chart and bears are trying to gather momentum to continue adding pressure in the short-term. Doors will open for a decline towards the 1.3342 level, as the price action still favors to such scenario. However, a rebound at the current stage should take the GBP/USD pair to test the 1.3595 level.
H1 chart's resistance levels: 1.3595 / 1.3733
H1 chart's support levels: 1.3480 / 1.3342
Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3480, take profit is at 1.3342, and stop loss is at 1.3618.InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.