Day-to-day analysis of GBP/USD for December 29, 2017 888011000 110888 The set is facing strong resistance around 1.3444 and anticipating reaching brand-new highs. There is also a higher high pattern formation across the board which ought to provide more bullish relocations. If GBP/USD handles to break above that resistance, then the next target should be the 1.3516 level. MACD sign is going into the unfavorable area, requiring corrective relocations. H1 chart’s resistance levels: 1.3444/ 1.3516 H1 chart’s support levels: 1.3303/ 1.3234 Trading recommendations for today: Based on the H1 chart, buy (long)orders just if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3444, take revenue is at 1.3516 and stop loss is at 1.3372. The material has been supplied by InstaForex Company-www.instaforex.com

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