Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2744. Anyway, according to the 30M time frame, I found climax action followed by no demand bars, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at 1.2653 and 1.2640.
Resistance levels:
R1: 1.2700
R2: 1.2715
R3: 1.2740
Support levels:
S1: 1.2660
S2: 1.2635
S3: 1.2615
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2744. Anyway, according to the 30M time frame, I found climax action followed by no demand bars, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. The downward targets are set at 1.2653 and 1.2640.
Resistance levels:
R1: 1.2700
R2: 1.2715
R3: 1.2740
Support levels:
S1: 1.2660
S2: 1.2635
S3: 1.2615
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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