During the previous trading session, the positive dynamics of the GBPUSD movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The current support level is in the area of the 1.33658 mark.
This level is formed due to the appearance of the Pin Bar pattern. This pattern is represented with a candle with a small real body and a long lower shadow. This pattern is quite common at strong support levels.
The current resistance level is at the 1.34709 mark.
This level was formed by the Dark Cloud Cover pattern. The pattern consists of two candles: the first candle is long and white, and the second is black. The second one opens with a gap up and closes below the middle of the real body of the first candle.
Trading recommendations:
On the higher time-frame, the upward price dynamics prevail. The last signal on the chart also indicates the upcoming growth. Against this background, it is worth prioritizing the buy signals during the day.
