GBP/USD analysis for October 10, 2018


Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3184. According to the H4 time – frame, I found the end of the downward correction (irregular flat), which is a sign that buyers are in control. I also found the breakout of the supply trendline in the background and the hidden bullish divergence on the MACD oscillator, which is another sign of strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.3216 and at the price of 1.3292.

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