FX.co ★ GBP/USD analysis forJune 06, 2017

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2950. Anyway, I found a fake breakout of yesterday's high and strong rejection from resistance. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2865.

Resistance levels:

R1: 1.2945

R2 : 1.2955

R3: 1.2970

Support levels:

S1: 1.2910

S2: 1.2900

S3: 1.2883

Trading recommendations for today: watch for potential selling opportunities.