Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2959. According to the 15M time frame, I found a price spike after the Non farm employment change report. Anyway, I found a broken upward trendline and a fake breakout of yesterday’s high, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. Downward targets are set at the levels of 1.2900 and 1.2880.
Resistance levels:
R1: 1.2940
R2: 1.2945
R3: 1.2955
Support levels:
S1: 1.2920
S2: 1.2915
S3: 1.2910
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 1.2959. According to the 15M time frame, I found a price spike after the Non farm employment change report. Anyway, I found a broken upward trendline and a fake breakout of yesterday’s high, which is a sign that buying looks risky. My advice is to watch for potential selling opportunities. Downward targets are set at the levels of 1.2900 and 1.2880.
Resistance levels:
R1: 1.2940
R2: 1.2945
R3: 1.2955
Support levels:
S1: 1.2920
S2: 1.2915
S3: 1.2910
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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