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GBP USD Technical Analysis January 24, 2019

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GBP USD Technical Analysis January 24, 2019

The GBP rose 0.85% against the USD on Wednesday and closed at 1.3066. Today in the Europen session while preparing GBP USD technical analysis January 24, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3035, which is 0.23% lower against the USD from yesterday’s close.

The pair is expected to find support at 1.2978 and a fall through could take it to the next support level of 1.2890 The pair is expected to find its first resistance at 1.3117, and a rise through could take it to the next resistance level of 1.3168. For today the expected trading range is between 1.2978, Support and 1.3168 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.2978 Support 2: 1.2890 Support 3: 1.2940
Resistance Levels: Resistance 1: 1.3117 Resistance 2: 1.3168 Resistance 3: 1.3256

GBP/USD Buying Opportunity for Intraday Trading January 24, 2019

Buy near the support area 1.2978 and 1.2890 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 January 24, 2019

Sell near the resistance area 1.3117 and 1.3168 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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