For Traders

Analytical Reviews

Technical analysis

14.06.201813:09 Forex Analysis & Reviews: GBP/USD analysis for June 14, 2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Recently, the GBP/USD has been trading upwards. As I expected, the price tested the level of 1.3410. According to the H1 time frame, I found broken bullish flag in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities on the pullback. The upward targets are set at the price of 1.3470 and at the price of 1.3570.

Resistance levels:

R1: 1.3410

R2: 1.3445

R3: 1.3495

Support levels:

S1: 1.3326

S2: 1.3275

S3: 1.3242

Trading recommendations for today: watch for potential buying opportunities.

Back to the list

Open trading account

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.