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GBP/USD analysis for June 28, 2017

Posted On 28 Jun 2017
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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2861 in an ultra high volume. According to the 30M time frame, I found a buying climax in the background, which is a strong sign of weakness. My advice is to watch today for selling opportunities. The downward targets are set at the price of 1.2785, 1.2770, and 1.2750.

Resistance levels:

R1: 1.2835

R2: 1.2850

R3: 1.2875

Support levels:

S1: 1.2800

S2: 1.2775

S3: 1.2760

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 June 28, 2017

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