Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3189. According to the H1 time – frame, I found the strong breakout of the upward channel in the background, which is sign that sellers are in control. Most recently, I found the potential end of the upward correction (abc flat – zig zag), which is a sign that you should watch for selling opportunities. The downward targets are set at the price of 1.3100 and at the price of 1.2960.
Trading recommendations for today: watch for potential selling 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 1.3189. According to the H1 time – frame, I found the strong breakout of the upward channel in the background, which is sign that sellers are in control. Most recently, I found the potential end of the upward correction (abc flat – zig zag), which is a sign that you should watch for selling opportunities. The downward targets are set at the price of 1.3100 and at the price of 1.2960.
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
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