29.12.201717:28 Forex Analysis & Reviews: GBP/USD analysis for December 29, 2017

Long-term review

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3528. According to the 4H time – frame, I found that the symmetrical tiangle is broken and that selling looks risky. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3550 and at the price of 1.3690 (pattern projection).

Resistance levels:

R1: 1.3470

R2: 1.3500

R3: 1.3540

Support levels:

S1: 1.3400

S2: 1.3360

S3: 1.3330

Trading recommendations for today: watch for potential buying opportunities.

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