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03.09.201811:51 Forex Analysis & Reviews: GBP/USD analysis for September 03, 2018

Long-term review

Exchange Rates 03.09.2018 analysis

Recently, the GBP/USD pair has been trading downwards. As I expected, the price tested the level of 1.2876 and reached my first target. According to the Daily time – frame, I found that key support level (kijun-sen + tenkan sen) at the price of 1.2918 got broken, which is sign that sellers are in control. Watch for selling opportunities. The next downward target is set at the price of 1.2810 (Fibonacci retracement 61.8%).

Downward target – 1.2810

Trading recommendations for today: watch for potential selling opportunities.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaSpot
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