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 24, 2018

September 24, 2018 Analytics

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Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3054. According to the M30 time frame, I found the impulsive breakout of the well-defined upward channel in the background, which is a sign that sellers are in control. Most recently, there is a potential end of the upward correction (abc flat), which is a sign that sellers may come again near the level of 1.3125. My advice is to watch for selling opportunities. Downward targets are set at the price of 1.3074 and at the price of 1.2970.

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

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