GBP USD Technical Analysis July 4, 2019
GBP USD Technical Analysis: The GBP declined 0.16% against the USD on Wednesday and closed at 1.2570. Today in the Europen session while preparing GBP USD technical Analysis July 4, 2019 at 6:15 GMT, the GBP/USD is trading at 1.2577, which is 0.05% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2550 and a fall through could take it to the next support level of 1.2532 The pair is expected to find its first resistance at 1.2595, and a rise through could take it to the next resistance level of 1.2618. For today the expected trading range is between 1.2510, Support and 1.2618 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2550 Support 2: 1.2532 Support 3: 1.2510
Resistance Levels: Resistance 1: 1.2595 Resistance 2: 1.2618 Resistance 3: 1.2637
GBP/USD Buying Opportunity for Intraday Trading July 4, 2019
Buy near the support area 1.2550 and 1.2532 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 4, 2019
Sell near the resistance area 1.2595 and 1.2618 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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