GBP/USD analysis for July 25, 2018
Recently, the GBP/USD has been trading upwards. The price tested the level of 1.3212. Anyway, according to the H4 time – frame, I found the successful rejection of the upper band (Keltner channel), which is a sign that buying looks risky. I also found a hidden bearish divergence on the LBR oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.3075.
Trading recommendations for today: watch for potential selling opportunities.