Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3307. Anyway, according to the H1 time – frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the MACD oscillator in creation, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3395 and at the price of 1.3463.
Resistance levels:
R1: 1.3418
R2: 1.3462
R3: 1.3500
Support levels:
S1: 1.3337
S2: 1.3300
S3: 1.3255
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 1.3307. Anyway, according to the H1 time – frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the MACD oscillator in creation, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3395 and at the price of 1.3463.
Resistance levels:
R1: 1.3418
R2: 1.3462
R3: 1.3500
Support levels:
S1: 1.3337
S2: 1.3300
S3: 1.3255
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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