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 September 18, 2018

September 18, 2018 Analytics

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3170. Anyway, according to the H1 time frame, I found rejection of the yesterday’s high at the price of 1.3164, which is a sign that buying looks risky. I also found the hidden bearish divergence on the 3/10 oscillator and bearish outside bar (BEOB) in the background, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at 1.3095, 1.3070 and 1.3034.

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

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