FX.co ★ GBP/USD analysis for September 11, 2017

Recently, the GBP/USD pair has been trading upward. The price tested the level of 1.3222 in a high volume. According to the 30M time frame, I found a broken bullish pennant formation, which is a sign that selling looks risky. Another sign of strength is that price covered down gap from the opening this week. My advice is to watch for potential buying opportunities. The short-term trend is billish. The upward targets are set at the price of 1.3250 and the price of 1.3300.

Resistance levels:

R1: 1.3200

R2: 1.3112

R3: 1.3225

Support levels:

S1: 1.3185

S2: 1.3170

S3: 1.3160

Trading recommendations for today: watch for potential buying opportunities.