GBP USD Technical Analysis January 25, 2019
The GBP declined 0.03% against the USD on Thursday and closed at 1.3062. Today in the Europen session while preparing GBP USD technical analysis January 25, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3115, which is 0.40% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3018 and a fall through could take it to the next support level of 1.2973 The pair is expected to find its first resistance at 1.3137, and a rise through could take it to the next resistance level of 1.3181. For today the expected trading range is between 1.3018, Support and 1.3181 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3100 Support 2: 1.2973 Support 3: 1.2936
Resistance Levels: Resistance 1: 1.3100 Resistance 2: 1.3137 Resistance 3: 1.3181
GBP/USD Buying Opportunity for Intraday Trading January 25, 2019
Buy near the support area 1.3018 and 1.2973 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 25, 2019
Sell near the resistance area 1.3137 and 1.3181 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.