Opinion on the GBP/USD pair
The GBP/USD pair continues to move in the flat range, as it is still unclear what the negotiations between the EU and Great Britain will lead to regarding the issue of Brexit. Today, the Prime Minister of Great Britain will go to Brussels to intervene in negotiations with the EU, which have reached a dead end. Read more …
Technical analysis: The GBP/USD pair continues to move in flat between 0.0 and 23.6 Fibonacci levels on H1, thus having perfectly worked out the Friday recommendation, which allowed to earn about 60 points. Read more …
At the moment, the nearest resistance level is in the area of 0.0 Fibonacci level at H1, at 1.3335, the nearest support in the region of 1.3262 is considered, which corresponds to the level of 23.6 Fibonacci on H1, more significant support in the area of the level 38.2 is considered (C: $ 1.3217)
Key recommendations: The main recommendation will be the purchase of the instrument in the area of 1.3220, if the instrument price is fixed below the price of 1.3255.
Fig. Current price GBP/USD – 1.3300
Alexander Sivtsov