Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

GBP/USD analysis for October 03, 2018

October 3, 2018 Analytics

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Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2965. Anyway, according to the H4 time – frame, I found that price rejected from the key support upward trendline at the price of 1.2945, which is a sign that selling looks risky. The overall trend is bullish and my advice is to go with the direction of the trend. Watch for buying opportunities with the take profit level at 1.3080.

The material has been provided by InstaForex Company – www.instaforex.com

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