Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3331. According to the 15M time – frame, I found that price broke falling wedge, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3335 (pivot resistance 1) and at the price of 1.3362.
Resistance levels:
R1: 1.3282
R2: 1.3257
R3: 1.3225
Support levels:
S1: 1.3335
S2: 1.3362
S3: 1.3386
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 upwards. The price tested the level of 1.3331. According to the 15M time – frame, I found that price broke falling wedge, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3335 (pivot resistance 1) and at the price of 1.3362.
Resistance levels:
R1: 1.3282
R2: 1.3257
R3: 1.3225
Support levels:
S1: 1.3335
S2: 1.3362
S3: 1.3386
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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