Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.4093. Anyway, according to the 15M time – frame, I found a hidden bullish divergence on the stochastic oscillator, which is sign that selling looks risky. I also found that prrice didn't got power to test pivot support 1 (1.4077), which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.4180 and at the price of 1.4255.
Resistance levels:
R1: 1.4180
R2: 1.4255
R3: 1.4360
Support levels:
S1: 1.4077
S2: 1.4003
S3: 1.3900
Trading recommendations for today: watch for potential buying opportunities.
The material has been provided by InstaForex Company - www.instaforex.com
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