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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 30, 2017

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Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2959. According to the 15M time frame, I found broken upward channel and hidden bearish divergence in the background, which is a sign that buying looks risky today. My advice is to watch for potetntial selling opportunities. The downward target lies at the price of 1.2915.

Resistance levels:

R1: 1.3025

R2: 1.3040

R3: 1.3055

Support levels:

S1: 1.2990

S2: 1.2980

S3: 1.2960

Trading recommendations for today: watch for potential selling opportunities.

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