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GBP/USD managed to recover above the 200 SMA at H1 chart and it seems we could expect a rally to test the next resistance level at 1.4283. A break above it should expose the 1.4386 level, where the bears could appear on the scene once again to attempt a pullback. However, the bulls are still favoring to rally towards the 1.4386.
H1 chart's resistance levels: 1.4283 / 1.4386
H1 chart's support levels: 1.4205 / 1.4061
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.4283, take profit is at 1.4386 and stop loss is at 1.4183.Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.