GBP/USD analysis for Febuary 05, 2018 888011000 110888 Recently, the GBP/USD pair has actually been trading downwards. The price tested the level of 1.4082. Anyway, according to the 15M time– frame, I found a hidden bullish divergence on the moving typical oscillator in the background, which is an indication that offering looks risky. I also found a breakout of intrraday resistance cluster at the price of 1.4126, which is another indication of strength. My guidance is to expect potential buying chances . Upward targets are set atthe rate of 1.4162(Fibonacci growth161.8%)andat the costof 1.4173 Resistance levels: R1: 1.4229 R2: 1.4340 R3: 1.4406 Assistance levels: S1: 1.4053 S2: 1.3989 S3: 1.3875 Trading recommendations for today: look for potential buying opportunities.The material has been offered by InstaForex

By | February 5, 2018

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