GBP USD Technical Analysis April 17, 2019
GBP USD Technical Analysis: The GBP declined 0.38% against the USD on Tuesday and closed at 1.3045. Today in the Europen session while preparing GBP USD technical analysis April 17, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3035, which is 0.07% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3025 and a fall through could take it to the next support level of 1.3000 The pair is expected to find its first resistance at 1.3182, and a rise through could take it to the next resistance level of 1.3120. For today the expected trading range is between 1.3000, Support and 1.3083 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3025 Support 2: 1.3000 Support 3: 1.2965
Resistance Levels: Resistance 1: 1.3083 Resistance 2: 1.3120 Resistance 3: 1.3142
GBP/USD Buying Opportunity for Intraday Trading April 17, 2019
Buy near the support area 1.3025 and 1.3000 as soon as you get reversal candlesticks using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
GBP/USD Selling Opportunity for Intraday Trading April 17, 2019
Sell near the resistance area 1.3083 and 1.3120 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.