GBP USD Technical Analysis November 22, 2018
The GBP declined 0.08% against the USD on Wednesday and closed at 1.2774. Today in the Europen session while preparing GBP USD technical analysis November 22, 2018 at 5:15 GMT, the GBP/USD is trading at 1.2777, which is 0.02% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2752, and a fall through could take it to the next support level of 1.2730 The pair is expected to find its first resistance at 1.2810, and a rise through could take it to the next resistance level of 1.2841. For today the expected trading range is between 1.2697, Support and 1.2841 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2752 Support 2: 1.2730 Support 3: 1.2697
Resistance Levels: Resistance 1: 1.2810 Resistance 2: 1.2841 Resistance 3: 1.2863
GBP/USD Buying Opportunity for Intraday Trading November 22, 2018
Buy near the support area 1.2752 and 1.2730 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 22, 2018
Sell near the resistance area 1.2810 and 1.2841 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.