GBP/USD analysis for April 11, 2018 888011000 110888 Just recently, the GBP/USD has actually been trading upwards. The price tested the level of 1.4222. Anyway, inning accordance with the 30M time– frame, I discovered a prospective rising wedge in production, which is a sign that purchasing looks dangerous. I also discovered a concealed bearish divergence on the LBR oscillator in the background, which is another indication of weak point. My advice is to watch for potential selling chances if you see a breakout ofa lower diagonal. The down target is set at the price of 1.4080. Resistance levels: R1: 1.4202 R2: 1.4225 R3: 1.4270 Assistance levels: S1: 1.4135 S2: 1.4095 S3: 1.4066 Trading suggestions for today: expect prospective selling opportunities.The material has actually been offered by InstaForex

By | April 11, 2018

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