GBP USD Technical Analysis April 23, 2019
GBP USD Technical Analysis: The GBP declined 0.12% against the USD on Monday and closed at 1.2977. Today in the Europen session while preparing GBP USD technical analysis April 23, 2019 at 7:15 GMT, the GBP/USD is trading at 1.2985, which is 0.06% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2968 and a fall through could take it to the next support level of 1.2960 The pair is expected to find its first resistance at 1.2991, and a rise through could take it to the next resistance level of 1.3005. For today the expected trading range is between 1.2960, Support and 1.3005 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2968 Support 2: 1.2960 Support 3: 1.2945
Resistance Levels: Resistance 1: 1.2991 Resistance 2: 1.3005 Resistance 3: 1.3013
GBP/USD Buying Opportunity for Intraday Trading April 23, 2019
Buy near the support area 1.2968 and 1.2960 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 23, 2019
Sell near the resistance area 1.2991 and 1.3005 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.