FX.co ★ GBP/USD analysis for September 03, 2018

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.