FX.co ★ GBP/USD analysis for January 04, 2019

Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2690. According to the H1 time – frame, I have found that price is trading above the 3-moving averages, which is a sign that buyers are in control. I also found that AO oscillator and AC oscillator are showing reading above the zero, which is another positive sign for further upward movement. The Asian session showed a neutral tone but the the European session is showing strength. Watch for buying opportunities. The upward targets are set at the price of 1.2720 and at the price of 1.2760.