GBP USD Technical Analysis April 18, 2019
GBP USD Technical Analysis: The GBP declined 0.06% against the USD on Wednesday and closed at 1.3037. Today in the Europen session while preparing GBP USD technical analysis April 18, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3010, which is 0.20% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3004 and a fall through could take it to the next support level of 1.2982 The pair is expected to find its first resistance at 1.3060, and a rise through could take it to the next resistance level of 1.3082. For today the expected trading range is between 1.2982, Support and 1.3060 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3020 Support 2: 1.2004 Support 3: 1.2982
Resistance Levels: Resistance 1: 1.3060 Resistance 2: 1.3082 Resistance 3: 1.3098
GBP/USD Buying Opportunity for Intraday Trading April 18, 2019
Buy near the support area 1.3004 and 1.2982 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 18, 2019
Sell near the resistance area 1.3060 and 1.3082 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.