GBP USD Technical Analysis July 5, 2019
GBP USD Technical Analysis: The GBP rose 0.06% against the USD on Thursday and closed at 1.2576. Today in the Europen session while preparing GBP USD technical Analysis July 5, 2019 at 6:15 GMT, the GBP/USD is trading at 1.2580, which is 0.03% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2564 and a fall through could take it to the next support level of 1.2550 The pair is expected to find its first resistance at 1.2590, and a rise through could take it to the next resistance level of 1.2600. For today the expected trading range is between 1.2538, Support and 1.2615 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2564 Support 2: 1.2550 Support 3: 1.2538
Resistance Levels: Resistance 1: 1.2590 Resistance 2: 1.2600 Resistance 3: 1.2615
GBP/USD Buying Opportunity for Intraday Trading July 5, 2019
Buy near the support area 1.2564 and 1.2550 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 5, 2019
Sell near the resistance area 1.2590 and 1.2600 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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