19.09.201714:17 Forex Analysis & Reviews: GBP/USD analysis for September 19, 2017

Long-term review

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Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.3468. Anyway, there is a support level at the price of 1.3465 and selling at this stage looks risky. There is also a bullish divergence on the moving average osiclator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3552 and 1.3610.

Resistance levels:

R1: 1.3526

R2: 1.3540

R3: 1.3554

Support levels:

S1: 1.3500

S2: 1.3485

S3: 1.3475

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