GBP/USD analysis for June 14, 2018


Recently, the GBP/USD has been trading upwards. As I expected, the price tested the level of 1.3410. According to the H1 time frame, I found broken bullish flag in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities on the pullback. The upward targets are set at the price of 1.3470 and at the price of 1.3570.

Resistance levels:

R1: 1.3410

R2: 1.3445

R3: 1.3495

Support levels:

S1: 1.3326

S2: 1.3275

S3: 1.3242

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company -