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GBP USD Technical Analysis 1 July 2021

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GBP USD Technical Analysis 1 July 2021

GBP USD Technical Analysis: The GBP declined 0.04% against the USD on Tuesday and closed at 1.3831. Today in the Asian session, while GBP USD technical Analysis 1 July 2021at 4:45 GMT, the GBP/USD is trading at 1.3777, which is 0.37% lower against the USD from yesterday’s close.

The pair is expected to find support at 1.3760 and a fall through could take it to the next support level of 1.3740 The pair is expected to find its first resistance at 1.3835 and a rise through could take it to the next resistance level of 1.3870. Today’s expected trading range is between 1.3740, support and 1.3870 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3760
Support 2: 1.3740
Support 3: 1.3700

Important resistance levels:

Resistance 1: 1.3835
Resistance 2: 1.3870
Resistance 3: 1.3900

GBP/USD buying opportunity for intraday trading on July 1, 2021

Buy near the support zones 1.3760 and 1.3740 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 July 1, 2021

Sell near the resistance zones 1.3835 and 1.3870 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.

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