Trading Conditions
Products
Tools
Technical anlaysis:
GBP/USD has been trading downwards. The price tested and rejected from the major support at 1.2865. I expect further rally and buying opportunities are preferable.
I would watch for buying opportunities due to rejection of the Median Pitchfork line and oversold condition on the Stochastic oscillator. I see potential for test of 1.3010 and 1.3060.
Resistance levels are set at the price of 1.3012 and 1.3062
Major support level is set at the price of 1.2865.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.