FX.co ★ GBP/USD analysis for November 19, 2018

Recently, the GBP/USD pair has been trading sideways at the price of 1.2869. According to the H1 time – frame, I have found that price is trading above the 24H moving average and that there is a fake breakout of the swing low at the price of 1.2825, which is a sign that selling looks risky. My advice is to watch for buying opportunities above the price of 1.2880. The upward target is set at the price of 1.3030 (key short-term resistance).