Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2750. According to the H1 time – frame, I have found a hidden bearish divergence in the background on the MACD oscillator, which is a sign that buying looks risky. I also found the potential end of the upward correction in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2697.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2750. According to the H1 time – frame, I have found a hidden bearish divergence in the background on the MACD oscillator, which is a sign that buying looks risky. I also found the potential end of the upward correction in the background, which is another sign of weakness. My advice is to watch for selling opportunities. The downward target is set at the price of 1.2697.
The material has been provided by InstaForex Company – www.instaforex.com
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