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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD analysis for June 15, 2017

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Recently, the GBP/USD has been trading downwards. The priced spiked up and tested the level of 1.2795. According to the 30M time frame, I found climatic action and testing of H3 (Camarilla resistance), which is a sign that buying looks risky. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.2728 and 1.2700.

Resistance levels:

R1: 1.2800

R2: 1.2860

R3: 1.2900

Support levels:

S1: 1.2710

S2: 1.2650

S3: 1.2615

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com