GBP USD Technical Analysis November 8, 2018
The GBP declined 0.19% against the USD on Wednesday and closed at 1.3122. Today in the Europen session while preparing GBP USD technical analysis November 8, 2018 at 8:15 GMT, the GBP/USD is trading at 1.3108, which is 0.10% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3072, and a fall through could take it to the next support level of 1.3021 The pair is expected to find its first resistance at 1.3173, and a rise through could take it to the next resistance level of 1.3224. For today the expected trading range is between 1.3071, Support and 1.3173 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.3072 Support 2: 1.3021 Support 3: 1.2970
Resistance Levels: Resistance 1: 1.3173 Resistance 2: 1.3224 Resistance 3: 1.3274
GBP/USD Buying Opportunity for Intraday Trading November 8, 2018
Buy near the support area 1.3072 and 1.3021 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 8, 2018
Sell near the resistance area 1.3173 and 1.3224 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.