GBP USD Technical Analysis November 23, 2018
The GBP rose 0.79% against the USD on Thursday and closed at 1.2874. Today in the Europen session while preparing GBP USD technical analysis November 23, 2018 at 7:15 GMT, the GBP/USD is trading at 1.2850, which is 0.19% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2785, and a fall through could take it to the next support level of 1.2695 The pair is expected to find its first resistance at 1.2945, and a rise through could take it to the next resistance level of 1.3016. For today the expected trading range is between 1.2785, Support and 1.2945 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2785 Support 2: 1.2695 Support 3: 1.2625
Resistance Levels: Resistance 1: 1.2945 Resistance 2: 1.3016 Resistance 3: 1.3105
GBP/USD Buying Opportunity for Intraday Trading November 23, 2018
Buy near the support area 1.2785 and 1.2695 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 23, 2018
Sell near the resistance area 1.2945 and 1.3016 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.