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GBP/USD analysis for September 07, 2017

Posted On 07 Sep 2017
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Recently, the GBP/USD pair has been trading sideways at the price of 1.3064. Anyway, the price was rejected to go back into a trading range, which is a sign that selling looks risky and that buyers are in control on the market. The short-term trend is bullish and my advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3100 and 1.3150.

Resistance levels:

R1: 1.3080

R2: 1.3115

R3: 1.3150

Support levels:

S1: 1.3015

S2: 1.2985

S3: 1.2950

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 September 07, 2017

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