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GBP USD Technical Analysis March 8, 2019

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GBP USD Technical Analysis March 8, 2019

The GBP declined 0.66% against the USD on Thursday and closed at 1.3080. Today in the Europen session while preparing GBP USD technical analysis March 8, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3085, which is 0.03% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3036 and a fall through could take it to the next support level of 1.3000 The pair is expected to find its first resistance at 1.3154, and a rise through could take it to the next resistance level of 1.3227. For today the expected trading range is between 1.3000, Support and 1.3154 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3036 Support 2: 1.3000 Support 3: 1.2920
Resistance Levels: Resistance 1: 1.3154 Resistance 2: 1.3227 Resistance 3: 1.3270

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

Buy near the support area 1.3036 and 1.3000 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 8, 2019

Sell near the resistance area 1.3154 and 1.3227 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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