GBP/USD analysis for January 04, 2019 - ConsultFX

GBP/USD analysis for January 04, 2019


Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2690. According to the H1 time – frame, I have found that price is trading above the 3-moving averages, which is a sign that buyers are in control. I also found that AO oscillator and AC oscillator are showing reading above the zero, which is another positive sign for further upward movement. The Asian session showed a neutral tone but the the European session is showing strength. Watch for buying opportunities. The upward targets are set at the price of 1.2720 and at the price of 1.2760.

The material has been provided by InstaForex Company -