FX.co - GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

28 May 2020 at 10:58AM (UTC+0)

Relevance until29 May 2020 at 10:58AM (UTC+0)

GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

Corona virus summary:

GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

South Korea could face return to coronavirus restrictions

Technical analysis:

Gold has been trading upwards. As I expected, the price reached my first upward target from yesterday at the price of $1,718 and it is heading for the next targets at $1,734 and $1,739.

Trading recommendation:

Resistance levels are set at the price of $1,734 and $1,739.

Support level is set at $1,715

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #Gold #COVID-19

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2025

FX.co ★ GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

Forex Analysis

GBP/USD analysis for May 28, 2020 - First target at the price of $1.718 has been reached. Watch for upside movements and next target at $1.734

South Korea could face return to coronavirus restrictions