GBP USD Technical Analysis 18 October 2019
GBP USD Technical Analysis: The GBP rose 0.51% against the USD on Thursday and closed at 1.2888. Today in the Europen session while preparing GBP USD technical Analysis 18 October 2019 at 7:15 GMT, the GBP/USD is trading at 1.2850, which is 0.29% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2762 and a fall through could take it to the next support level of 1.2635. The pair is expected to find its first resistance at 1.3000, and a rise through could take it to the next resistance level of 1.3115. For today the expected trading range is between 1.2762, Support and 1.3000 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2762, Support 2: 1.2635, Support 3: 1.2522
Resistance Levels: Resistance 1: 1.3000, Resistance 2: 1.3115, Resistance 3: 1.3242
GBP/USD Buying Opportunity for Intraday Trading 18 October 2019
Buy near the support area 1.2762 and 1.2635 as soon as you get reversal candlesticks using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
GBP/USD Selling Opportunity for Intraday Trading 18 October 2019
Sell near the resistance area 1.3000 and 1.3115 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.