Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

GBP USD Technical Analysis 12 August 2020

0

GBP USD Technical Analysis 12 August 2020

GBP USD Technical Analysis: The GBP declined 0.18% against the USD on Tuesday and closed at 1.3047. Today in the Asian session, while GBP USD technical Analysis 12 August 2020 at 5:15 GMT, the GBP/USD is trading at 1.3048, which is 0.01% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3018 and a fall through could take it to the next support level of 1.2980 The pair is expected to find its first resistance at 1.3070 and a rise through could take it to the next resistance level of 1.3100. Today’s expected trading range is between 1.2930, support and 1.3130 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3018
Support 2: 1.2980
Support 3: 1.2930

Important resistance levels:

Resistance 1: 1.3070
Resistance 2: 1.3100
Resistance 3: 1.3130

GBP/USD buying opportunity for intraday trading on August 12, 2020

Buy near the support zones 1.3018 and 1.2980 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 August 12, 2020

Sell near the resistance zones 1.3070 and 1.3100 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.

EUR/USD Technical Analysis 12 August 2020
USD/JPY Technical Analysis 12 August 2020
USD/CAD Technical Analysis 12 August 2020

Leave A Reply

Your email address will not be published.