GBP/USD analysis for July 04, 2018
Recently, USD/CHF has been trading upwards. The price tested the level of 0.9930. According to the H1 time frame, I found a breakout of the supply trendline in the background, which is a sign that buyers are in control. My advice is to watch for potnetial buying opportunities. The upward target is set at the price of 0.9977.
Resistance levels: R1: 0.9943R2: 0.9965 R3: 0.9980
Support levels: S1: 0.9006S2: 0.9890S3: 0.9870
Trading recommendations for today: watch for potential buying opportunities.