Recently, the GBP/USD has been trading upwards. The price tested the level of 1.4117. Anyway, according to the 15M time – frame, I found a hidden bearish divergence on the LBR oscillator, which is a sign that buying looks risky. I also found a fake breakout of yesterday’s high, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.4050 and at the price of 1.3985.
Resistance levels:
R1: 1.4137
R2: 1.4182
R3: 1.4260
Support levels:
S1: 1.4015
S2: 1.3940
S3: 1.3890
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the GBP/USD has been trading upwards. The price tested the level of 1.4117. Anyway, according to the 15M time – frame, I found a hidden bearish divergence on the LBR oscillator, which is a sign that buying looks risky. I also found a fake breakout of yesterday’s high, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.4050 and at the price of 1.3985.
Resistance levels:
R1: 1.4137
R2: 1.4182
R3: 1.4260
Support levels:
S1: 1.4015
S2: 1.3940
S3: 1.3890
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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