FX.co ★ GBP/USD 01.09.2020 - First downside target reached at 1.3050 but potential for further upside continuation

GBP has been trading downwards as I expected. The price reached my downward target at 1.3050. Anyway, I see potential for the end of the downward correction (ABC) and new upside wave. I expect potential test of 1.3200 and 1.3280

The eventual breakout of resistance at 1.3050 may lead us to higher price. My advice is to watch for buying opportunities on the dips using intraday-frames 5/15 minutes.

MACD oscillator is showing neutral stance and slow line is near the zero level.

Resistance levels are seen at the price of 1.3050, 1.3200 and 1.3280

Key support level is set at the price of 1.3000