Recently, the GBP/USD has been trading sideways at the price of 1.2930. Anyway, according to the M30 time frame, I found a fake breakout of the Friday’s low at the price of 1.2907 in the background, which is a sign that selling looks risky. I also found that price broke the macd predicator line, which is another sign of potential upward movement. Watch for buying opportunities. The upward targets are set at the price of 1.2990 and at the price of 1.3025.
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 1.2930. Anyway, according to the M30 time frame, I found a fake breakout of the Friday’s low at the price of 1.2907 in the background, which is a sign that selling looks risky. I also found that price broke the macd predicator line, which is another sign of potential upward movement. Watch for buying opportunities. The upward targets are set at the price of 1.2990 and at the price of 1.3025.
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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