GBP USD Technical Analysis 10 December 2020
GBP USD Technical Analysis: The GBP rose 0.36% against the USD on Wednesday and closed at 1.3402. Today in the Asian session, while GBP USD technical Analysis 10 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3200, which is 0.75% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3290 and a fall through could take it to the next support level of 1.3225 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 1.3470. Today’s expected trading range is between 1.3200, support and 1.3470 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3290
Support 2: 1.3225
Support 3: 1.3200
Important resistance levels:
Resistance 1: 1.3400
Resistance 2: 1.3470
Resistance 3: 1.3535
GBP/USD buying opportunity for intraday trading on December 10, 2020
Buy near the support zones 1.3290 and 1.3225 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 10, 2020
Sell near the resistance zones 1.3400 and 1.3470 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.