Recently, the GBP/USD has been trading upwards after the price minister May speech. Anyway, according to the 30M time frame, I found that weakness has appeared. There is a bullish bar with close on the middle, which is sign that there is a weakness. Also, there is hidden bearish divergence on the oscilator, which is another sign of weakness. Be very careful when buying GBP/USD and watch for potential selling opportunities.
Resistance levels:
R1: 1.2850
R2: 1.2875
R3: 1.2900
Support levels:
S1: 1.2810
S2: 1.2790
S3: 1.2765
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 has been trading upwards after the price minister May speech. Anyway, according to the 30M time frame, I found that weakness has appeared. There is a bullish bar with close on the middle, which is sign that there is a weakness. Also, there is hidden bearish divergence on the oscilator, which is another sign of weakness. Be very careful when buying GBP/USD and watch for potential selling opportunities.
Resistance levels:
R1: 1.2850
R2: 1.2875
R3: 1.2900
Support levels:
S1: 1.2810
S2: 1.2790
S3: 1.2765
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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