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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 October 10, 2018

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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.

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