GBP USD Technical Analysis July 9, 2019

GBP USD Technical Analysis: The GBP declined 0.10% against the USD on Monday and closed at 1.2513. Today in the Europen session while preparing GBP USD technical Analysis July 9, 2019 at 6:15 GMT, the GBP/USD is trading at 1.2480, which is 0.26% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2455 and a fall through could take it to the next support level of 1.2420 The pair is expected to find its first resistance at 1.2535, and a rise through could take it to the next resistance level of 1.2557. For today the expected trading range is between 1.2420, Support and 1.2535 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.2495 Support 2: 1.2477 Support 3: 1.2455
Resistance Levels: Resistance 1: 1.2535 Resistance 2: 1.2557 Resistance 3: 1.2575

GBP/USD Buying Opportunity for Intraday Trading July 9, 2019

Buy near the support area 1.2455 and 1.2420 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 9, 2019

Sell near the resistance area 1.2535 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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