GBP/USD analysis for January 22, 2018 22.01.2018

[ad_1]

Exchange Rates 22.01.2018 analysis

Recently, the GBP/USD pair has been trading sideways at the price of 1.3890. According to the 30M time – frame, I found a confirmed intraday reversal head-and-shoulders formation, which is a sign that selling looks risky. I also found a breakout of the pivot level at the price of 1.3880, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.392 and at the price of 1.3985.

Resistance levels:

R1: 1.3922

R2: 1.3985

R3: 1.4029

Support levels:

S1: 1.3815

S2: 1.3773

S3: 1.3708

Trading recommendations for today: watch for potential buying opportunities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2018

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

[ad_2]

Source link

قالب وردپرس



We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.



Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at agfab2013@gmail.com


Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535


Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply