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FX.co ★ GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

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Forex Analysis:::2020-05-28T10:58:39

GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

Corona virus summary:

GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

South Korea could face return to coronavirus restrictions

Technical analysis:

Gold has been trading upwards. As I expected, the price reached my first upward target from yesterday at the price of $1,718 and it is heading for the next targets at $1,734 and $1,739.

Trading recommendation:

Resistance levels are set at the price of $1,734 and $1,739.

Support level is set at $1,715

Analyst InstaForex
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