GBP has been trading upwards in the past 12 hours. The price tested the level of 1.3173. I found that there is potential for the Pitchfork downside cycle. I see potential test of 1.3060 and 1.2900 (full cycle target).
Watch for selling opportunities on the rallies...
MACD oscillator is positive reading the the slow line is still slopping to the downside.
Resistance levels and upward targets are seen at the price of 1.3170 and 1.3220
Support levels and downside targets are set at 1.3060 and 1.2900