Recently, the GBP/USD has been trading sideways at the price of 1.2956. According to the M15 time frame, I found that price is trading inside of the upward channel, which is a sign that buyers are in control. Watch for potential buying opportunities if you see a breakout of the resistance trendline. The upward target is set at the price of 1.2994.
Resistance levels:
R1: 1.2996
R2: 1.3051
R3: 1.3089
Support levels:
S1: 1.2903
S2: 1.2865
S3: 1.2810
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 sideways at the price of 1.2956. According to the M15 time frame, I found that price is trading inside of the upward channel, which is a sign that buyers are in control. Watch for potential buying opportunities if you see a breakout of the resistance trendline. The upward target is set at the price of 1.2994.
Resistance levels:
R1: 1.2996
R2: 1.3051
R3: 1.3089
Support levels:
S1: 1.2903
S2: 1.2865
S3: 1.2810
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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