GBP/USD analysis for February 02, 2018 888011000 110888 Recently, the GBP/USD has actually been trading sideways at the rate of 1.4205. Anyway, according to the 30M time– frame, I found a broken bullish channel in the background, which is a sign that sellers are in control. I likewise discovered a concealed bearish divergence on the stochastic oscillator, which is another indication of weakness. My guidance is to look for possible selling opportunities. The downward targets are set at theprice of 1.4188 and at the rate of 1.4115. Resistance levels: R1: 1.4308 R2: 1.4355 R3: 1.4427 Assistance levels: S1: 1.4188 S2: 1.4115 S3:1.4070 Trading suggestions for today: expect potential selling opportunities.The product has actually been supplied by InstaForex

By | February 2, 2018

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