GBP USD Technical Analysis December 11, 2018
The GBP declined 1.18% against the USD on Monday and closed at 1.2557. Today in the Europen session while preparing GBP USD technical analysis December 11, 2018 at 7:15 GMT, the GBP/USD is trading at 1.2627, which is 0.55% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2456 and a fall through could take it to the next support level of 1.2355 The pair is expected to find its first resistance at 1.2710, and a rise through could take it to the next resistance level of 1.2860. For today the expected trading range is between 1.2456, Support and 1.2710 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2456 Support 2: 1.2355 Support 3: 1.2200
Resistance Levels: Resistance 1: 1.2710 Resistance 2: 1.2860 Resistance 3: 1.2960
GBP/USD Buying Opportunity for Intraday Trading December 11, 2018
Buy near the support area 1.2456 and 1.2355 as soon as you get reversal candlesticks using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
GBP/USD Selling Opportunity for Intraday Trading December 11, 2018
Sell near the resistance area 1.2710 and 1.2860 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.