GBP/USD analysis for September 22, 2017

Recently, the GBP/USD pair has been trading sideways at the price of 1.3570. Anyway, according to the 30M time frame, I found a fake breakout yesterday’s high at the price of 1.3586, which is a sign that buying looks risky. There is a downward breakout of the Asia session’s trading range, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3475 and 1.3455.

Resistance levels:

R1: 1.3585

R2: 1.3620

R3: 1.3645

Support levels:

S1: 1.3530

S2: 1.3500

S3: 1.3470

Trading recommendations for today: watch for potential selling opportunities.

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