Pound is waiting for correction

The pair GBP/USD, after almost two-week growth, was in a significant overbought, which is also limited by resistance level 1.3150. An additional factor of decline is the formation of a bearish divergence.

Transactions for sale should be considered below 1.3100, with targets at support levels: 1.3060-50 and 1.3020-00. Resistance is located at the levels of 1.3130 and 1.3150.

Read also: “Japanese Yen (JPY) – Features of Trading on Crosses”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Prospects for the dollar by the end of September beginning of October 2018
2. The EU and the UK are making compromises on Brexit
3. Singapore dollar. Features of trade.

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