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24.11.2017 01:25 PM
GBP/USD analysis for November 24, 2017

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Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3331. According to the 15M time - frame, I found that price broke falling wedge, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3335 (pivot resistance 1) and at the price of 1.3362.

Resistance levels:

R1: 1.3282

R2: 1.3257

R3: 1.3225

Support levels:

S1: 1.3335

S2: 1.3362

S3: 1.3386

Trading recommendations for today: watch for potential buying opportunities.

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