FX.co ★ GBP/CHF analysis for May 25, 2018

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3333. According to the H1 time – frame, I found a potential bullish flag in creation, which is a sign that downward movement is limited. My advice is to watch for a potential breakout of the bullish flag to confirm the upward price. The upward target is set at the price of 1.3420.

Resistance levels:

R1: 1.3420

R2: 1.3460

R3: 1.3490

Support levels:

S1: 1.3350

S2: 1.3315

S3: 1.3275

Trading recommendations for today: watch for potential buying opportunities.