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GBP USD Technical Analysis January 22, 2019

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GBP USD Technical Analysis January 22, 2019

The GBP rose 0.11% against the USD on Monday and closed at 1.2888. Today in the Europen session while preparing GBP USD technical analysis January 22, 2019 at 9:15 GMT, the GBP/USD is trading at 1.2910, which is 0.17% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2843 and a fall through could take it to the next support level of 1.2800 The pair is expected to find its first resistance at 1.2923, and a rise through could take it to the next resistance level of 1.2956. For today the expected trading range is between 1.2800, Support and 1.2956 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2843 Support 2: 1.2800 Support 3: 1.2762
Resistance Levels: Resistance 1: 1.2923 Resistance 2: 1.2956 Resistance 3: 1.3000

GBP/USD Buying Opportunity for Intraday Trading January 22, 2019

Buy near the support area 1.2843 and 1.2800 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 January 22, 2019

Sell near the resistance area 1.2923 and 1.2956 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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