GBP USD Technical Analysis 30 July 2020
GBP USD Technical Analysis: The GBP rose 0.50% against the USD on Wednesday and closed at 1.2995. Today in the Asian session, while GBP USD technical Analysis 30 July 2020 at 5:15 GMT, the GBP/USD is trading at 1.2990, which is 0.05% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2950 and a fall through could take it to the next support level of 1.2930 The pair is expected to find its first resistance at 1.3010 and a rise through could take it to the next resistance level of 1.3030. Today’s expected trading range is between 1.2840, support and 1.3070 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2950
Support 2: 1.2930
Support 3: 1.2840
Important resistance levels:
Resistance 1: 1.3010
Resistance 2: 1.3030
Resistance 3: 1.3070
GBP/USD buying opportunity for intraday trading on July 30, 2020
Buy near the support zones 1.2950 and 1.2930 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 30, 2020
Sell near the resistance zones 1.3010 and 1.3030 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.