FX.co ★ Analysis of GBP/USD for December 12, 2018

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2476. Anyway, according to the M15 time frame, I found a fake breakout of yesterday's low at the price of 1.2480, which is a sign that selling looks risky. I also found that the price is trading above the daily pivot (1.2534), which is another sign of the strength. Watch for buying opportunities. The upward targets are set at the price of 1.2587 and 1.2638.