GBP USD Technical Analysis October 26, 2018
The GBP declined 0.48% against the USD on Thursday and closed at 1.2815. Today in the Europen session while preparing GBP USD technical analysis October 26, 2018 at 10:15 GMT, the GBP/USD is trading at 1.2810, which is 0.03% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2766, and a fall through could take it to the next support level of 1.2717 The pair is expected to find its first resistance at 1.2892, and a rise through could take it to the next resistance level of 1.2968. For today the expected trading range is between 1.2717, Support and 1.2892 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2766 Support 2: 1.2717 Support 3: 1.2641
Resistance Levels: Resistance 1: 1.2892 Resistance 2: 1.2968 Resistance 3: 1.3017
GBP/USD Buying Opportunity for Intraday Trading October 26, 2018
Buy near the support area 1.2766 and 1.2717 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 October 26, 2018
Sell near the resistance area 1.2892 and 1.2968 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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