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

06.06.201712:26 Forex Analysis & Reviews: GBP/USD analysis forJune 06, 2017

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 06.06.2017 analysis

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2950. Anyway, I found a fake breakout of yesterday's high and strong rejection from resistance. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.2865.

Resistance levels:

R1: 1.2945

R2 : 1.2955

R3: 1.2970

Support levels:

S1: 1.2910

S2: 1.2900

S3: 1.2883

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