Recently, the GBP/USD has been trading downwards. The price tested the level of 1.2926. Anyway, according to the H1 time frame, I found that price got little more room for the downside since the potential area of support is awaiting around the price of 1.2860. My advice is to watch for potential buying opportunities if you see a successful rejection from the support zone. The upward target will be set at the price of 1.3030.
Resistance levels:
R1: 1.3037
R2: 1.3073
R3: 1.3104
Support levels:
S1: 1.2970
S2: 1.2939
S3: 1.2903
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the GBP/USD has been trading downwards. The price tested the level of 1.2926. Anyway, according to the H1 time frame, I found that price got little more room for the downside since the potential area of support is awaiting around the price of 1.2860. My advice is to watch for potential buying opportunities if you see a successful rejection from the support zone. The upward target will be set at the price of 1.3030.
Resistance levels:
R1: 1.3037
R2: 1.3073
R3: 1.3104
Support levels:
S1: 1.2970
S2: 1.2939
S3: 1.2903
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: