MAYZUS Daily Technical Levels
GBP/USD – during the day there is a risk of a technical correction
Our turning point is the level of 1.66750
Our preference: Sell the GBP/USD pair below the level of 1.665700, with the nearest targets being 1.66400, 1.66150 and 1.66000.
Alternative scenario: If the level of 1.667500 is breached up with success, then the pair could rise to 1.66950, 1.67100 and 1.67300.
Analysis: The technical indicators are near to the overbought area and will give a signal to sell soon.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.