Main Quotes Calendar Forum
flag

FX.co ★ GBP/USD analysis for May 30, 2018

parent
Forex Analysis:::2018-05-30T09:28:04

GBP/USD analysis for May 30, 2018

GBP/USD analysis for May 30, 2018

Recently, the GBP/USD pair has been trading sideways at the price of 1.3260 According to the H1 time – frame, I found a potential bearish flag in creation, which is a sign that buying looks risky. My advice is to watch for a potential breakout of the upward trendline to confirm further downward continuation. The downward target is set at the price of 1.3200.

R1: 1.3320

R2: 1.3380

R3: 1.3440

Support levels:

S1: 1.3200

S2: 1.3140

S3: 1.3080

Trading recommendations for today: watch for potential selling opportunities.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...