GBP/USD analysis for September 25, 2017

Recently, the GBP/USD pair has been trading sideways at the price of 1.3505. According to the 15M time frame, I found lower lows and lower highs, which is a sign that sellers are in control. There is also an overbouth zone on RSI oscilator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward target is set at the price of 1.3450.

Resistance levels:

R1: 1.3565

R2: 1.3600

R3: 1.3625

Support levels:

S1: 1.3510

S2: 1.3480

S3: 1.3450

Trading recommendations for today: watch for potential selling opportunities.

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