GBP/USD analysis for April 12, 2018 888011000 110888 Just recently, the GBP/USD has been trading downwards. The rate evaluated the level of 1.4144. Anyway, according to the 30M time– frame, I found a verified bullish flag in the background, which is a sign that purchasers remain in control. I likewise found a hidden bullish divergence on the moving average osicllator, which is a sign of strength. Myrecommendations is to watch for potential buying opportunities. The upward targets are set at the rate of 1.4245 andat the rateof 1.4310. Resistance levels: R1: 1.4215 R2: 1.4250 R3: 1.4277 Assistance levels: S1: 1.4150 S2: 1.4125 S3: 1.4090 Trading recommendations for today: watch for possible buying opportunities.The material has been provided by InstaForex

By | April 12, 2018

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