GBP/USD analysis for June 14, 2017

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Recently, the GBP/USD has been trading sideways at the price of 1.2735. The analysis from yesterday is still active. According to the 4H time frame, I found the bullish Wolfe Wave pattern and a potential double bottom formation, which is a sign that selling looks risky. My advice is to watch for potetnial buying opportunities. The upward targets are set at the prcie of 1.3000 and 1.3050.

Resistance levels:

R1: 1.2795

R2: 1.2840

R3: 1.2915

Support levels:

S1: 1.2675

S2: 1.2600

S3: 1.2555

Trading recommendations for today: watch for potential buying opportunities.

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

Source:: GBP/USD analysis for June 14, 2017

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