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28.07.2017 12:41 PM
GBP/USD analysis for July 28, 2017

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Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3051. According to the 30m time frame, I found a potential bearish flag in creation. There is also a hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.3053 and 1.3010.

Resistance levels:

R1: 1.3135

R2: 1.3200

R3: 1.3240

Support levels:

S1: 1.3030

S2: 1.2990

S3: 1.2920

Trading recommendations for today: watch for potential selling opportunities.

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