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GBP USD Technical Analysis December 6, 2018

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GBP USD Technical Analysis December 6, 2018

The GBP rose 0.13% against the USD on Wednesday and closed at 1.2731. Today in the Europen session while preparing GBP USD technical analysis December 6, 2018 at 7:15 GMT, the GBP/USD is trading at 1.2715, which is 0.12% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2670 and a fall through could take it to the next support level of 1.2607 The pair is expected to find its first resistance at 1.2795, and a rise through could take it to the next resistance level of 1.2860. For today the expected trading range is between 1.2607, Support and 1.2795 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2670 Support 2: 1.2607 Support 3: 1.2543
Resistance Levels: Resistance 1: 1.2795 Resistance 2: 1.2860 Resistance 3: 1.2921

GBP/USD Buying Opportunity for Intraday Trading December 6, 2018

Buy near the support area 1.2670 and 1.2607 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 December 6, 2018

Sell near the resistance area 1.2795 and 1.2860 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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