FX.co ★ GBP/USD 11.04.2019 - Important support level at the price of 1.2900 is on the test, big decision level

GBP has been trading downwards in the past 24 hours and the price did test the level of 1.2900. I found that level at 1.2900 is go-no go level and very important pivot level.

Successful rejection of the support at 1.2900 may lead us for potential test of 1.2970 and buying the dips on the lower frames 5/15 would be appropriate strategy.

Downside breakout of the support may lead for potential test of 1.2850.

MACD is showing increased momentum on the downside