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GBP USD Technical Analysis January 29, 2019

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GBP USD Technical Analysis January 29, 2019

The GBP declined 0.22% against the USD on Monday and closed at 1.3156. Today in the Europen session while preparing GBP USD technical analysis January 29, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3160, which is 0.02% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3125 and a fall through could take it to the next support level of 1.3093 The pair is expected to find its first resistance at 1.3200, and a rise through could take it to the next resistance level of 1.3240. For today the expected trading range is between 1.3093, Support and 1.3240 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3125 Support 2: 1.3093 Support 3: 1.3050
Resistance Levels: Resistance 1: 1.3200 Resistance 2: 1.3240 Resistance 3: 1.3373

GBP/USD Buying Opportunity for Intraday Trading January 29, 2019

Buy near the support area 1.3125 and 1.3093 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 29, 2019

Sell near the resistance area 1.3200 and 1.3240 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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