During the previous trading session, the price of GBPUSD decreased, moving in the main trend direction on the higher time-frame.
The support and resistance levels:
The nearest support level is at the price level of the 1.33658.
This level was formed by the Bullish Harami pattern. The pattern is represented with two Japanese candles, where the second one with a smaller real body is inside the body of the first one.
The nearest significant resistance level is at the 1.34127 mark.
This level was formed by the Evening Star pattern. This pattern consists of three Japanese candlesticks: the first candle has a long white real body, the second candle is a doji with a small real body, and the third candle has a long black real body. The third candle opens below the close of the second candle and closes below the first candle.
Trading recommendations:
Despite the downward dynamics prevail on a higher time-frame, the long position should be prioritized intraday. The latest signal on the chart indicates the prevalence of the upward movement intraday.
