GBP/USD analysis for September 07, 2018


Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2975. According to the H1 time – frame, I found that GBP/USD finished the downward correction in the background (expanded flat), which is a sign that selling looks risky. I also found strong demand in the background and hidden bullish divergence on the RSI oscillator, which is a sign that buyers are in control. Watch for buying opportunities. The level of 1.2980 provided good level of support for buying positions. The upward targets are set at the price of 1.3068 and at the price of 1.3150.

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