Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3528. According to the 4H time – frame, I found that the symmetrical tiangle is broken and that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3550 and at the price of 1.3690 (pattern projection).
Resistance levels:
R1: 1.3470
R2: 1.3500
R3: 1.3540
Support levels:
S1: 1.3400
S2: 1.3360
S3: 1.3330
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3528. According to the 4H time – frame, I found that the symmetrical tiangle is broken and that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3550 and at the price of 1.3690 (pattern projection).
Resistance levels:
R1: 1.3470
R2: 1.3500
R3: 1.3540
Support levels:
S1: 1.3400
S2: 1.3360
S3: 1.3330
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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