Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2861 in an ultra high volume. According to the 30M time frame, I found a buying climax in the background, which is a strong sign of weakness. My advice is to watch today for selling opportunities. The downward targets are set at the price of 1.2785, 1.2770, and 1.2750.
Resistance levels:
R1: 1.2835
R2: 1.2850
R3: 1.2875
Support levels:
S1: 1.2800
S2: 1.2775
S3: 1.2760
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 1.2861 in an ultra high volume. According to the 30M time frame, I found a buying climax in the background, which is a strong sign of weakness. My advice is to watch today for selling opportunities. The downward targets are set at the price of 1.2785, 1.2770, and 1.2750.
Resistance levels:
R1: 1.2835
R2: 1.2850
R3: 1.2875
Support levels:
S1: 1.2800
S2: 1.2775
S3: 1.2760
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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