GBP USD Technical Analysis 9 March 2021
GBP USD Technical Analysis: The GBP rose 0.07% against the USD on Monday and closed at 1.3819. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3867, which is 0.34% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3800 and a fall through could take it to the next support level of 1.3780 The pair is expected to find its first resistance at 1.3900 and a rise through could take it to the next resistance level of 1.3920. Today’s expected trading range is between 1.3760, support and 1.3950 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3800
Support 2: 1.3780
Support 3: 1.3760
Important resistance levels:
Resistance 1: 1.3900
Resistance 2: 1.3920
Resistance 3: 1.3950
GBP/USD buying opportunity for intraday trading on March 9, 2021
Buy near the support zones 1.3800 and 1.3780 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 March 9, 2021
Sell near the resistance zones 1.3900 and 1.3920 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.