Current situation
The GBP/USD pair remained in an uptrend on Wednesday. Buyers tried to reclaim 1.3000 in the morning but failed again. The pound bounced off the level and headed to 1.2900. According to the 4 hours chart all the technical indicators remained in green. The resistance lies at 1.3000, the support comes in at 1.2900.
Trading recommendations
A break below 1.2900 will show room for further downside. Sellers may drive the pound to 1.2850.
The GBP/USD pair remained in an uptrend on Wednesday. Buyers tried to reclaim 1.3000 in the morning but failed again. The pound bounced off the level and headed to 1.2900. According to the 4 hours chart all the technical indicators remained in green. The resistance lies at 1.3000, the support comes in at 1.2900.
Trading recommendations
A break below 1.2900 will show room for further downside. Sellers may drive the pound to 1.2850.
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