GBP USD Technical Analysis 19 June 2020
GBP USD Technical Analysis: The GBP declined 1.04% against the USD on Thursday and closed at 1.2423. Today in the Europen session while preparing GBP USD technical Analysis 19 June 2020 at 5:45 GMT, the GBP/USD is trading at 1.2400, which is 0.17% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2360 and a fall through could take it to the next support level of 1.2300 The pair is expected to find its first resistance at 1.2525, and a rise through could take it to the next resistance level of 1.2630. For today the expected trading range is between 1.2300, Support and 1.2525 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2360, Support 2: 1.2300, Support 3: 1.2195
Resistance Levels: Resistance 1: 1.2525, Resistance 2: 1.2630, Resistance 3: 1.2690
GBP/USD Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1.2360 and 1.2300 as soon as you get reversal candlesticks using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
GBP/USD Selling Opportunity for Intraday Trading 18 June 2020
Sell near the resistance area 1.2525 and 1.2630 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.