Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2846. According to the daily time frame, I still expect lower price. If the price breaks the level of 1.2825, this currency pair may test the level of 1.2760. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2760.
Resistance levels:
R1: 1.2885
R2: 1.2895
R3: 1.2910
Support levels:
S1: 1.2855
S2: 1.2845
S3: 1.2830
Trading recommendations for today: consider potential intraday 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 1.2846. According to the daily time frame, I still expect lower price. If the price breaks the level of 1.2825, this currency pair may test the level of 1.2760. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2760.
Resistance levels:
R1: 1.2885
R2: 1.2895
R3: 1.2910
Support levels:
S1: 1.2855
S2: 1.2845
S3: 1.2830
Trading recommendations for today: consider potential intraday selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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