GBP USD Technical Analysis November 2, 2018
The GBP rose 1.77% against the USD on Thursday and closed at 1.2992. Today in the Europen session while preparing GBP USD technical analysis November 2, 2018 at 9:15 GMT, the GBP/USD is trading at 1.3023, which is 0.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2826, and a fall through could take it to the next support level of 1.2660 The pair is expected to find its first resistance at 1.3097, and a rise through could take it to the next resistance level of 1.3200. For today the expected trading range is between 1.2826, Support and 1.2097 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2826 Support 2: 1.2660 Support 3: 1.2555
Resistance Levels: Resistance 1: 1.3097 Resistance 2: 1.3200 Resistance 3: 1.3367
GBP/USD Buying Opportunity for Intraday Trading November 2, 2018
Buy near the support area 1.2826 and 1.2660 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 November 2, 2018
Sell near the resistance area 1.3097 and 1.3200 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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