GBP/USD analysis for June 29, 2017


Recently, the GBP/USD has been moving upwards. The price tested the level of 1.30007 in a high volume. According to the 30M time frame, I found a bullish uptrend and a successful test of supply in a low volume, which is a sign that buyers are ready for a higher price. My advice is to watch buying opporutnities today. I placed Fibonacci to find potetnial upward targets. The targets are set at the price of 1.3005,1.3040 and 1.3090.

Resistance levels:

R1: 1.3000

R2: 1.3030

R3: 1.3050

Support levels:

S1: 1.2950

S2: 1.2920

S3: 1.2890

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -