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GBP USD Technical Analysis December 3, 2018

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GBP USD Technical Analysis December 3, 2018

The GBP declined 0.28% against the USD on Friday and closed at 1.2748. Today in the Europen session while preparing GBP USD technical analysis December 3, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2770, which is 0.17% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2720 and a fall through could take it to the next support level of 1.2690 The pair is expected to find its first resistance at 1.2793, and a rise through could take it to the next resistance level of 1.2838. For today the expected trading range is between 1.2690, Support and 1.2838 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2720 Support 2: 1.2690 Support 3: 1.2645
Resistance Levels: Resistance 1: 1.2793 Resistance 2: 1.2838 Resistance 3: 1.2867

GBP/USD Buying Opportunity for Intraday Trading December 3, 2018

Buy near the support area 1.2720 and 1.2690 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 3, 2018

Sell near the resistance area 1.2793 and 1.2838 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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