Daily analysis of GBP/USD for September 15, 2017


Bulls in the GBP/USD pair were favored by a more hawkish than expected BoE’s minutes, as they kept interest rates unchanged during Thursday’s meeting. Currently, the pair is looking to extend gains towards the resistance zone of 1.3429, at which a breakout should expose the next target around the 1.3482 level.

H1 chart’s resistance levels: 1.3430 / 1.3482

H1 chart’s support levels: 1.3309 / 1.3209

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3430, take profit is at 1.3482 and stop loss is at 1.3176.

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

Source:: Daily analysis of GBP/USD for September 15, 2017

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