LATEST ARTICLES

GBP/USD analysis for April 26, 2017

Posted On 26 Apr 2017
By :
Comment: 0
analytics59007aaac4103.png

Recently, the GBP/USD has been trading sideways at the price of 1.2825. According to the 4H time frame, I found a strong sign of the weakness at the background and my advice is to watch for selling opportunities. There is a wide spread bar which closed well off the high. Critical resistance is set at the price of 1.2840. The first downward target is set at the price of 1.2755.

Resistance levels:

R1: 1.2850

R2: 1.2860

R3: 1.2895

Support levels:

S1: 1.2790

S2: 1.2770

S3: 1.2745

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: GBP/USD analysis for April 26, 2017

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*

[adrotate group="2"]
[adrotate group="15"]

InstaForex – Market Analysis

<a href="https://www.instaforex.com/">Forex Portal</a>

Like Us On Facebook

[adrotate banner= "75"]

Follow on Stocktwits

Follow Us on StockTwits

Connect

facebook
twitter
google-plus
youtube
linkedin
rss
Copyright © 2015 Forex Alchemy. All rights reserved.
Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
Disclaimer & Terms of Use     Privacy Policy