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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD analysis for June 27, 2017

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Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested our first target level at 1.2760. According to the 4H time frame, I still expect higher price. The GBP/USD pair is in the short-term uptrend and my advice is to watch for buying opportunities. In the background I found a successful test of supply, which is a good sign for higher price. The next downward target is set at the price of 1.2805.

Resistance levels:

R1: 1.2765

R2: 1.2780

R3: 1.2800

Support levels:

S1: 1.2725

S2: 1.2700

S3: 1.2690

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company - www.instaforex.com