GBP USD Technical Analysis February 1, 2019
The GBP declined 0.04% against the USD on Thursday and closed at 1.3108. Today in the Europen session while preparing GBP USD technical analysis February 1, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3100, which is 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3083 and a fall through could take it to the next support level of 1.3058 The pair is expected to find its first resistance at 1.3145, and a rise through could take it to the next resistance level of 1.3184. For today the expected trading range is between 1.3020, Support and 1.3184 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3083 Support 2: 1.3058 Support 3: 1.3020
Resistance Levels: Resistance 1: 1.3145 Resistance 2: 1.3184 Resistance 3: 1.3208
GBP/USD Buying Opportunity for Intraday Trading February 1, 2019
Buy near the support area 1.3083 and 1.3058 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 February 1, 2019
Sell near the resistance area 1.3145 and 1.3184 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.