GBP/USD analysis for June 16, 2017 888011000 110888 Recently, the GBP/USD set has actually been trading sideways at the rate of 1.2770 According to the 15M timespan, I found a big buying climax in the background and a damaged symmetrical triangle, which is an indication that purchasinglooks risky. My recommendations is to watch for sellingopportunities. The downward target is set at the rate of 1.2730 and1.2700. Resistance levels: R1: 1.2785 R2: 1.2800 R3: 1.2810 Support levels: S1: 1.2760 S2: 1.2750 S3: 1.2735 Trading suggestions for today: watch for possible selling opportunities.The material has been supplied by InstaForex Company-www.instaforex.com

By | June 16, 2017

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