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GBP/USD managed to recover from Friday's lows and it seems there is a bullish consolidation above the 200 SMA at H1 chart. The focus is now on the 1.3455 level, where a strong resistance level lies. To the downside, a pullback should take the pair to re-test the support zone of 1.3264. A breakout below there should expose the 1.3173 level.
H1 chart's resistance levels: 1.3341 / 1.3455
H1 chart's support levels: 1.3264 / 1.3173
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 1.3264, take profit is at 1.3173 and stop loss is at 1.3354.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.