FX.co ★ GBP/USD analysis for January 25, 2018

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.4328. According to the 30M time – frame, I found successful rejection of the upward trendline, which is a sign that buyers are in control. I also found an oversold stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.4334 and at the price of 1.4430.

Resistance levels:

R1: 1.4335

R2: 1.4430

R3: 1.4600

Support levels:

S1: 1.4065

S2: 1.3895

S3: 1.3800

Trading recommendations for today: watch for potential buying opportunities.