Everyday analysis of GBP/USD for March 07, 2018 888011000 110888 GBP/USD is having a bullish momentum throughout the board as it managed to break above the 200 SMA. Such a move might open the doors to check the resistance zone of 1.4078. As long as the bearish structure stays below the 1.4078 level, the pair might scope to evaluate fresh lows listed below the support location of 1.3753. The MACD indicator remains in the positive territory, preferring the bulls. H1 chart’s resistance levels: 1.3881/ 1.4078 H1 chart’s assistance levels: 1.3753/ 1.3608 Trading suggestions for today: Based on the H1 chart, sell (short )orders only if the GBP/USD pair breaks a bearish candlestick; the resistance level is at 1.3753, take revenue is at 1.3608 and stop loss is at 1.3901. The material has been supplied by InstaForex Company- www.instaforex.com

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