GBP USD Technical Analysis January 28, 2019
The GBP rose 1.02% against the USD on Friday and closed at 1.3196. Today in the Europen session while preparing GBP USD technical analysis January 28, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3165, which is 0.29% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3093 and a fall through could take it to the next support level of 1.3000 The pair is expected to find its first resistance at 1.3257, and a rise through could take it to the next resistance level of 1.3318. For today the expected trading range is between 1.3093, Support and 1.3257 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3093 Support 2: 1.3000 Support 3: 1.2930
Resistance Levels: Resistance 1: 1.3257 Resistance 2: 1.3318 Resistance 3: 1.3421
GBP/USD Buying Opportunity for Intraday Trading January 28, 2019
Buy near the support area 1.3093 and 1.3000 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 28, 2019
Sell near the resistance area 1.3357 and 1.3318 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.