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 16, 2018

October 16, 2018 Analytics

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Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level of 1.3207. According to the H1 time – frame, I found the end of the downward correction (regular flat type 2), which is a sign that selling looks risky. My advice is to watch for buying opportunities. The upward take profit levels are set at the price of 1.3254 and at the price of 1.3295.

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

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