FX.co ★ GBP/USD analysis for October 04, 2017

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.3287. Anyway, according to the 30M time- frame, I found a successful re-test of yesterday's high at the price of 1.3287. There is a hidden bearish divergence on the moving average oscilaotr, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3245 and 1.3220.

Resistance levels:

R1: 1.3273

R2: 1.3295

R3: 1.3310

Support levels:

S1: 1.3235

S2: 1.3222

S3: 1.3200

Trading recommendations for today: watch for potential selling opportunities.