FX.co ★ GBP/USD analysis for April 27, 2017

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2917. According to the 1H time frame, I found a wide spread divergent bar, which is a sign of weakness. The key level to confim bearish divergence is 1.2880. If the price breaks the level of 1.880, watch for potential selling opportunities. The first downward target is set at the price of 1.2810.

Resistance levels:

R1: 1.2860

R2: 1.2875

R3: 1.2900

Support levels:

S1: 1.2815

S2: 1.2800

S3: 1.2775

Trading recommendations for today: watch for potential selling opportunities.