GBP USD Technical Analysis March 12, 2019
The GBP rose 1.51% against the USD on Monday and closed at 1.3187. Today in the Europen session while preparing GBP USD technical analysis March 12, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3225, which is 0.28% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3035 and a fall through could take it to the next support level of 1.2880 The pair is expected to find its first resistance at 1.3265, and a rise through could take it to the next resistance level of 1.3340. For today the expected trading range is between 1.3035, Support and 1.3340 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3035 Support 2: 1.2880 Support 3: 1.2800
Resistance Levels: Resistance 1: 1.3265 Resistance 2: 1.3340 Resistance 3: 1.3495
GBP/USD Buying Opportunity for Intraday Trading March 12, 2019
Buy near the support area 1.3035 and 1.2880 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 March 12, 2019
Sell near the resistance area 1.3265 and 1.3340 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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