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23.11.2017 01:07 PM
GBP/USD analysis for November 23, 2017

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Recently, the GBP/USD part has been trading upwards. As I expected, the price tested the level of 1.3337. According to the 30M time - frame, I found a successful test of pivot level at the price of 1.3288, which is a sign that selling looks risky. I also found oversold conditions on the 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 1.3363 (pivot resistance 1) and the price of 1.3400 (pivot resistance 2).

Resistance levels:

R1: 1.3364

R2: 1.3400

R3: 1.3480

Support levels:

S1: 1.3247

S2: 1.3170

S3: 1.3130

Trading recommendations for today: watch for potential buying opportunities.

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