GBP USD Technical Analysis 28 September 2020
GBP USD Technical Analysis: The GBP declined 0.01% against the USD on Friday and closed at 1.2743. Today in the Asian session, while GBP USD technical Analysis 28 September 2020 at 4:45 GMT, the GBP/USD is trading at 1.2838, which is 0.74% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2685 and a fall through could take it to the next support level of 1.2675 The pair is expected to find its first resistance at 1.2860 and a rise through could take it to the next resistance level of 1.2920. Today’s expected trading range is between 1.2625, support and 1.2965 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2685
Support 2: 1.2675
Support 3: 1.2625
Important resistance levels:
Resistance 1: 1.2860
Resistance 2: 1.2920
Resistance 3: 1.2965
GBP/USD buying opportunity for intraday trading on September 28, 2020
Buy near the support zones 1.2685 and 1.2675 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 28, 2020
Sell near the resistance zones 1.2860 and 1.2920 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.