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GBP/USD analysis for June 21, 20117

Posted On 21 Jun 2017
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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2703. According to the 30M time frame, I found a climax action and my advice is to watch for potential selling opportuntiies today. The downward target is set at the price of 1.2605. The price respected resistance at 1.2700 (round number), which is another sign of weakness.

Resistance levels:

R1: 1.2725

R2: 1.2820

R3: 1.2880

Support levels:

S1: 1.2570

S2: 1.2500

S3: 1.2415

Trading recommendations for today: consider potential selling opportunities.

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

Source:: GBP/USD analysis for June 21, 20117

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