Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2931. The analysis from yesterday is still active. I have noticed a fake breakout of the 20-day high and overbought RSI. My advice is to watch for selling opportunties. The downward targets are set at 1.2835 and 1.2760.
Resistance levels:
R1: 1.2980
R2: 1.2995
R3: 1.3020
Support levels:
S1: 1.2930
S2: 1.2915.
S3: 1.2890
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 downwards. As I expected, the price tested the level of 1.2931. The analysis from yesterday is still active. I have noticed a fake breakout of the 20-day high and overbought RSI. My advice is to watch for selling opportunties. The downward targets are set at 1.2835 and 1.2760.
Resistance levels:
R1: 1.2980
R2: 1.2995
R3: 1.3020
Support levels:
S1: 1.2930
S2: 1.2915.
S3: 1.2890
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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