Analysis GBP/USD for October 06, 2017

Recently, the pair GBP/USD the pair has been trading to the downside. As I expected, the price tested the level of 1.3061. According to the 15M time frame, I managed to find a breakout of yesterday’s low the price of 1.3017. More recently, I found an offer to purchase, the highest point in the bottom, which is a sign of weakness. My tip is to watch for potential selling opportunities. The trend to the downside targets are set at a price of 1.3050 and 1.3000.

Resistance levels:

R1: 1.3085

R2: 1.3105

R3: 1.3120

Levels of support:

S1: 1.3050

S2: 1.3040

S3: 1.3020

Trading recommendations for today: watch for potential selling opportunities.

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