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06.09.2017 03:14 PM
GBP/USD analysis for September 06, 2017

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3055. According to the 15M time frame, I found broken trading range in the background, which is a sign that selling looks risky. I also found a successful test bar in a low volume, which is another sign of potential strength. My advice is to watch for potential buying opportunities. The upawrd target is set at the price of 1.3100.

Resistance levels:

R1: 1.3080

R2: 1.3130

R3: 1.3215

Support levels:

S1: 1.2945

S2: 1.2860

S3: 1.2810

Trading recommendations for today: consider potential buying opportunities.

Summary
Urgency
Analytic
Petar Jacimovic
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