GBP/USD analysis for June 30, 2017


Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2959. According to the 15M time frame, I found broken upward channel and hidden bearish divergence in the background, which is a sign that buying looks risky today. My advice is to watch for potetntial selling opportunities. The downward target lies at the price of 1.2915.

Resistance levels:

R1: 1.3025

R2: 1.3040

R3: 1.3055

Support levels:

S1: 1.2990

S2: 1.2980

S3: 1.2960

Trading recommendations for today: watch for potential selling opportunities.

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