GBP USD Technical Analysis 27 July 2020
GBP USD Technical Analysis: The GBP rose 0.43% against the USD on Friday and closed at 1.2795. Today in the Asian session, while GBP USD technical Analysis 27 July 2020 at 5:15 GMT, the GBP/USD is trading at 1.2847, which is 0.40% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2765 and a fall through could take it to the next support level of 1.2740 The pair is expected to find its first resistance at 1.2855 and a rise through could take it to the next resistance level of 1.2915. Today’s expected trading range is between 1.2680, support and 1.2300 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2765
Support 2: 1.2740
Support 3: 1.2680
Important resistance levels:
Resistance 1: 1.2855
Resistance 2: 1.2915
Resistance 3: 1.3000
GBP/USD buying opportunity for intraday trading on July 27, 2020
Buy near the support zones 1.2765 and 1.2740 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 27, 2020
Sell near the resistance zones 1.2855 and 1.2915 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.