GBP/USD analysis for October 04, 2018


Recently, the GBP/USD pair has been trading sideways at the price of 1.2970. According to the H1 time – frame, I found a fake breakout of the yesterday's low at the price of 1.2940, which is a sign that selling looks risky. I also found the hidden bullish divergence on the MACD oscillator, which is another sign of the strength. Watch for buying opportunities. The take profit levels are set at the price of 1.3020 and at the price of 1.3110.

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