26.07.201813:04 Forex Analysis & Reviews: GBP/USD analysis for July 25, 2018

Long-term review

Exchange Rates 26.07.2018 analysis

Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3212. Anyway, according to the H4 time – frame, I found the successful rejection of the upper band (Keltner channel), which is a sign that buying looks risky. I also found a hidden bearish divergence on the LBR oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.3075.

Resistance levels:

R1: 1.1763

R2: 1.1788

R3: 1.1837

Support levels:

S1: 1.1689

S2: 1.1640

S3: 1.1615

Trading recommendations for today: watch for potential selling opportunities.


Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

提出您的问题,用 在线帮助.