empty
 
 
21.08.2018 01:35 PM
GBP/USD analysis for August 21, 2018

This image is no longer relevant

Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.2845. According to the M30 time – frame, I found that price is trading inside the rising regression channel, which is a sign that buyers are in control. I also found oversold conditions on the stochastic, which is another sign of strength. My advice is to watch for buying opportunities with take profit at 1.2887.

Resistance levels:

R1: 1.2820

R2: 1.2845

R3: 1.2890

Support levels:

S1: 1.2750

S2: 1.2705

S3: 1.2680

Trading recommendations for today: watch for potential buying opportunities.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback