GBP USD Technical Analysis 30 June 2020
GBP USD Technical Analysis: The GBP declined 0.32% against the USD on Monday and closed at 1.2297. Today in the Europen session while preparing GBP USD technical Analysis 30 June 2020 at 5:45 GMT, the GBP/USD is trading at 1.2265, which is 0.27% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2235 and a fall through could take it to the next support level of 1.2175 The pair is expected to find its first resistance at 1.2375 and a rise through could take it to the next resistance level of 1.2450. For today the expected trading range is between 1.2175, Support and 1.2375 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2235, Support 2: 1.2175, Support 3: 1.2100
Resistance Levels: Resistance 1: 1.2375, Resistance 2: 1.2450, Resistance 3: 1.2515
GBP/USD Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1.2235 and 1.2175 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 1.2375 and 1.2450 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.