GBP USD Technical Analysis December 14, 2018
The GBP rose 0.24% against the USD on Thursday and closed at 1.2656. Today in the Europen session while preparing GBP USD technical analysis December 14, 2018 at 7:15 GMT, the GBP/USD is trading at 1.2590, which is 0.52% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2570 and a fall through could take it to the next support level of 1.2533 The pair is expected to find its first resistance at 1.2692, and a rise through could take it to the next resistance level of 1.2728. For today the expected trading range is between 1.2533, Support and 1.2692 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2613 Support 2: 1.2570 Support 3: 1.2533
Resistance Levels: Resistance 1: 1.2692 Resistance 2: 1.2728 Resistance 3: 1.2770
GBP/USD Buying Opportunity for Intraday Trading December 14, 2018
Buy near the support area 1.2570 and 1.2533 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 14, 2018
Sell near the resistance area 1.2692 and 1.2728 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.