GBP USD Technical Analysis January 31, 2019
The GBP rose 0.38% against the USD on Wednesday and closed at 1.3115. Today in the Europen session while preparing GBP USD technical analysis January 31, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3120, which is 0.03% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3064 and a fall through could take it to the next support level of 1.3013 The pair is expected to find its first resistance at 1.3155, and a rise through could take it to the next resistance level of 1.3195. For today the expected trading range is between 1.3064, Support and 1.3195 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3064 Support 2: 1.3013 Support 3: 1.2973
Resistance Levels: Resistance 1: 1.3155 Resistance 2: 1.3195 Resistance 3: 1.3246
GBP/USD Buying Opportunity for Intraday Trading January 31, 2019
Buy near the support area 1.3064 and 1.3013 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 31, 2019
Sell near the resistance area 1.3155 and 1.3195 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.