GBP/USD analysis for July 31, 2018 888011000 110888 Just recently, the GBP/USD has been trading upwards. The cost checked the level of 1.3163. Anyway, according to the H1 time– frame, I found testing of upper diagonal of the channel( resistance), which is an indication that buying looks risky. I also discovered a damaged upward trendline in the background, which is another sign of weak point. My suggestions is to look for prospective selling chances. The down targets areset at the rateof 1.3070 and at the cost of 1.2960. Resistance levels: R1: 1.3160 R2: 1.3183 R3: 1.3215 Support levels: S1: 1.3105 S2: 1.3075 S3: 1.3052 Trading suggestions for today: expect possible selling opportunities.The material has actually been provided by InstaForex

By | July 31, 2018

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