GBP USD Technical Analysis July 10, 2019

GBP USD Technical Analysis: The GBP declined 0.43% against the USD on Tuesday and closed at 1.2459. Today in the Europen session while preparing GBP USD technical Analysis July 10, 2019 at 6:15 GMT, the GBP/USD is trading at 1.2460, which is 0.01% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2425 and a fall through could take it to the next support level of 1.2390 The pair is expected to find its first resistance at 1.2510, and a rise through could take it to the next resistance level of 1.2557. For today the expected trading range is between 1.2390, Support and 1.2510 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2425 Support 2: 1.2390 Support 3: 1.2340
Resistance Levels: Resistance 1: 1.2510 Resistance 2: 1.2557 Resistance 3: 1.2592

GBP/USD Buying Opportunity for Intraday Trading July 10, 2019

Buy near the support area 1.2425 and 1.2390 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 July 10, 2019

Sell near the resistance area 1.2510 and 1.2557 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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