GBP/USD analysis for June 13, 2018


Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3307. Anyway, according to the H1 time – frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. I also found a hidden bullish divergence on the MACD oscillator in creation, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3395 and at the price of 1.3463.

Resistance levels:

R1: 1.3418

R2: 1.3462

R3: 1.3500

Support levels:

S1: 1.3337

S2: 1.3300

S3: 1.3255

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company –