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GBP USD Technical Analysis February 8, 2019

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GBP USD Technical Analysis February 8, 2019

The GBP rose 0.18% against the USD on Thursday and closed at 1.2951. Today in the Europen session while preparing GBP USD technical analysis February 8, 2019 at 9:15 GMT, the GBP/USD is trading at 1.2940, which is 0.08% lower against the USD from yesterday’s close.

The pair is expected to find support at 1.2870 and a fall through could take it to the next support level of 1.2790 The pair is expected to find its first resistance at 1.3013, and a rise through could take it to the next resistance level of 1.3075. For today the expected trading range is between 1.2790, Support and 1.3075 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2870 Support 2: 1.2790 Support 3: 1.2728
Resistance Levels: Resistance 1: 1.3013 Resistance 2: 1.3075 Resistance 3: 1.3156

GBP/USD Buying Opportunity for Intraday Trading February 8, 2019

Buy near the support area 1.2870 and 1.2790 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 8, 2019

Sell near the resistance area 1.3013 and 1.3075 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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