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 25, 2018

September 25, 2018 Analytics

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Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.3160. Anyway, according to the M15 time – frame, I found a breakout of the intraday support trendline, which is a sign that buying looks risky. I also found a hidden bearish divergence on the LBR 3/10 oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.3115 (daily pivot) and at the price of 1.3095 (current daily low).

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

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