GBP USD Technical Analysis November 21, 2018
The GBP declined 0.57% against the USD on Tuesday and closed at 1.2785. Today in the Europen session while preparing GBP USD technical analysis November 21, 2018 at 5:15 GMT, the GBP/USD is trading at 1.2787, which is 0.01% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2746, and a fall through could take it to the next support level of 1.2707 The pair is expected to find its first resistance at 1.2853, and a rise through could take it to the next resistance level of 1.2920. For today the expected trading range is between 1.2707, Support and 1.2853 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2746 Support 2: 1.2707 Support 3: 1.2640
Resistance Levels: Resistance 1: 1.2853 Resistance 2: 1.2920 Resistance 3: 1.2959
GBP/USD Buying Opportunity for Intraday Trading November 21, 2018
Buy near the support area 1.2746 and 1.2707 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 November 21, 2018
Sell near the resistance area 1.2853 and 1.2920 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.