GBP USD Technical Analysis 1 December 2020
GBP USD Technical Analysis: The GBP declined 0.03% against the USD on Monday and closed at 1.3321. Today in the Asian session, while GBP USD technical Analysis 1 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3353, which is 0.24% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3320 and a fall through could take it to the next support level of 1.3290 The pair is expected to find its first resistance at 1.3400 and a rise through could take it to the next resistance level of 1.3415. Today’s expected trading range is between 1.3220, support and 1.3450 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3320
Support 2: 1.3290
Support 3: 1.3265
Important resistance levels:
Resistance 1: 1.3400
Resistance 2: 1.3415
Resistance 3: 1.3450
GBP/USD buying opportunity for intraday trading on December 1, 2020
Buy near the support zones 1.3320 and 1.3290 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
GBP/USD selling opportunity for intraday trading on December 1, 2020
Sell near the resistance zones 1.3400 and 1.3415 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.