04.07.201811:23 Forex Analysis & Reviews: GBP/USD analysis for July 04, 2018

Long-term review

Exchange Rates 04.07.2018 analysis

Recently, USD/CHF has been trading upwards. The price tested the level of 0.9930. According to the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. My advice is to watch for potnetial buying opportunities. The upward target is set at the price of 0.9977.

Resistance levels: R1: 0.9943R2: 0.9965 R3: 0.9980

Support levels: S1: 0.9006S2: 0.9890S3: 0.9870

Trading recommendations for today: watch for potential buying opportunities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022
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