GBP/USD analysis for August 07, 2018
Recently, the GBP/USD has been trading sideways at the price of 1.2956. According to the M15 time frame, I found that price is trading inside of the upward channel, which is a sign that buyers are in control. Watch for potential buying opportunities if you see a breakout of the resistance trendline. The upward target is set at the price of 1.2994.
Trading recommendations for today: watch for potential buying opportunities.