Trading Conditions
Products
Tools
GBP/USD is climbing across the board and looking to reach the resistance level of 1.3480. Currently, the bullish momentum is helping the sterling to break the post-Brexit range in which it has been trapped since then.The 200 SMA on H1 chart is providing a good dynamic support and eventually, the pair can test the 1.3685 on a mid-term basis.
H1 chart's resistance levels: 1.3480 / 1.3685
H1 chart's support levels: 1.3360 / 1.3258
Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3480, take profit is at 1.3685 and stop loss is at 1.3270.
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.