GBP/USD analysis for August 21, 2018
Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.2845. According to the M30 time – frame, I found that price is trading inside the rising regression channel, which is a sign that buyers are in control. I also found oversold conditions on the stochastic, which is another sign of strength. My advice is to watch for buying opportunities with take profit at 1.2887.
Trading recommendations for today: watch for potential buying opportunities.