FX.co ★ GBP/USD analysis for April 28, 2017

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2956. According to the Daily time frame, I found that price broke critical resistance (1.2900), which is a sign that buyers are in control. My advice is to watch for potential buying opportunties. The first upward target is set at the price of 1.3025. The short–term trend is bearish.

Resistance levels:

R1: 1.2915

R2: 1.2935

R3: 1.2970

Support levels:

S1: 1.2855

S2: 1.2835

S3: 1.2800

Trading recommendations for today: watch for potential buying opportunities.