Korora

GBP/USD analysis for May 19, 2017

Long
FX:GBPUSD   British Pound / U.S. Dollar
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1
Recently, the GBP/USD pair has been trading upwrads. The price tested the level of 1.3027. I found that price respected a downward diagonal of the expanding wedge . My advice is to watch for potential buying opportunities. I have placed Fibonacci expansion to find a potential upward target. I got Fibonacci expansion 100% at the price of 1.3095. Anyway, the first upward target is set at the price of 1.3047 (yesterday's high).
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