GBP/USD had a bearish session during Thursday, as the market moved
into a downside bias across the board and the Sterling was one of the
most affected. That wave allowed the pair to test zone near to 1.2948
level, where is located a key support area. If manages to break it,
then we can expect another decline towards the 1.2901 level.
H1 chart’s resistance
levels: 1.3037 / 1.3116
H1 chart’s support levels:
1.2948 / 1.2901
Trading recommendations for today: Based on the H1 chart,
sell (short) orders only if the GBP/USD pair breaks a bearish
candlestick; the support level is at 1.2948, take profit is at 1.2901
and stop loss is at 1.2998.
The material has been provided by InstaForex Company – www.instaforex.com
The post Daily analysis of GBP/USD for September 30, 2016 appeared first on forex-analytics.press.