empty
 
 
28.08.2017 03:25 PM
GBP/USD analysis for August 28, 2017

This image is no longer relevant

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.2923. According to the 30M time frame, I found re-test of the previous high at the price of 1.2920, which is sign that buying looks risky. Stochstic oscilator is showing a hidden bearish divergence, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.2875 and 1.2820.

Resistance levels:

R1: 1.2920

R2: 1.2935

R3: 1.2945

Support levels:

S1: 1.2895

S2: 1.2885

S3: 1.2870

Trading recommendations for today: watch for potential selling opportunities.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback