GBP USD Technical Analysis November 27, 2018
The GBP declined 0.12% against the USD on Monday and closed at 1.2806. Today in the Europen session while preparing GBP USD technical analysis November 27, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2765, which is 0.32% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.27853 and a fall through could take it to the next support level of 1.2711 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 1.2711, Support and 1.2848 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2780 Support 2: 1.2753 Support 3: 1.2711
Resistance Levels: Resistance 1: 1.2945 Resistance 2: 1.3016 Resistance 3: 1.3105
GBP/USD Buying Opportunity for Intraday Trading November 27, 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 27, 2018
Sell near the resistance area 1.2753 and 1.3711 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.