empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

26.07.201813:04 Forex Analysis & Reviews: GBP/USD analysis for July 25, 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.

Exchange Rates 26.07.2018 analysis

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3212. Anyway, according to the H4 time – frame, I found the successful rejection of the upper band (Keltner channel), which is a sign that buying looks risky. I also found a hidden bearish divergence on the LBR oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.3075.

Resistance levels:

R1: 1.1763

R2: 1.1788

R3: 1.1837

Support levels:

S1: 1.1689

S2: 1.1640

S3: 1.1615

Trading recommendations for today: watch for potential selling opportunities.

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off