GBP USD Technical Analysis July 8, 2019

GBP USD Technical Analysis: The GBP declined 0.29% against the USD on Friday and closed at 1.2526. Today in the Europen session while preparing GBP USD technical Analysis July 8, 2019 at 6:15 GMT, the GBP/USD is trading at 1.2530, which is 0.03% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2475 and a fall through could take it to the next support level of 1.2425 The pair is expected to find its first resistance at 1.2582, and a rise through could take it to the next resistance level of 1.2637. 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: 1.2475 Support 2: 1.2425 Support 3: 1.2370
Resistance Levels: Resistance 1: 1.2582 Resistance 2: 1.2637 Resistance 3: 1.2688

GBP/USD Buying Opportunity for Intraday Trading July 8, 2019

Buy near the support area 1.2475 and 1.2475 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 8, 2019

Sell near the resistance area 1.2582 and 1.2637 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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