GBP USD Technical Analysis 1 September 2020
GBP USD Technical Analysis: The GBP rose 0.22% against the USD on Monday and closed at 1.3367. Today in the Asian session, while GBP USD technical Analysis 1 September 2020 at 5:15 GMT, the GBP/USD is trading at 1.3440, which is 0.53% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3355 and a fall through could take it to the next support level of 1.3310 The pair is expected to find its first resistance at 1.3450 and a rise through could take it to the next resistance level of 1.3500. Today’s expected trading range is between 1.3260, support and 1.3500 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3355
Support 2: 1.3310
Support 3: 1.3260
Important resistance levels:
Resistance 1: 1.3450
Resistance 2: 1.3500
Resistance 3: 1.3520
GBP/USD buying opportunity for intraday trading on September 1, 2020
Buy near the support zones 1.3355 and 1.3310 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 September 1, 2020
Sell near the resistance zones 1.3450 and 1.3500 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.