GBP USD Technical Analysis February 6, 2019
The GBP declined 0.65% against the USD on Tuesday and closed at 1.2948. Today in the Europen session while preparing GBP USD technical analysis February 6, 2019 at 9:15 GMT, the GBP/USD is trading at 1.2940, which is 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2898 and a fall through could take it to the next support level of 1.2847 The pair is expected to find its first resistance at 1.3025, and a rise through could take it to the next resistance level of 1.3100. For today the expected trading range is between 1.2847, Support and 1.3025 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2898 Support 2: 1.2847 Support 3: 1.2770
Resistance Levels: Resistance 1: 1.3025 Resistance 2: 1.3100 Resistance 3: 1.3155
GBP/USD Buying Opportunity for Intraday Trading February 6, 2019
Buy near the support area 1.2898 and 1.2847 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 6, 2019
Sell near the resistance area 1.3025 and 1.3100 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.