GBP USD Technical Analysis March 7, 2019
The GBP declined 0.05% against the USD on Wednesday and closed at 1.3168. Today in the Europen session while preparing GBP USD technical analysis March 7, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3165, which is 0.02% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3133 and a fall through could take it to the next support level of 1.3100 The pair is expected to find its first resistance at 1.3191, and a rise through could take it to the next resistance level of 1.3214. For today the expected trading range is between 1.3100, Support and 1.3214 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3133 Support 2: 1.3100 Support 3: 1.3077
Resistance Levels: Resistance 1: 1.3191 Resistance 2: 1.3214 Resistance 3: 1.3248
GBP/USD Buying Opportunity for Intraday Trading March 7, 2019
Buy near the support area 1.3133 and 1.3100 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 March 7, 2019
Sell near the resistance area 1.3191 and 1.3214 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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