GBP USD Technical Analysis October 9, 2018
The GBP declined 0.27% against the USD on Monday and closed at 1.3086. Today in the Europen session while preparing GBP USD technical analysis October 9, 2018 at 10:15 GMT, the GBP/USD is trading at 1.3050, which is 0.27% lower against the USD from yesterday’s close.
GBP USD Technical Analysis 9 October 2018
The pair is expected to find support at 1.3030, and a fall through could take it to the next support level of 1.2977 The pair is expected to find its first resistance at 1.3137, and a rise through could take it to the next resistance level of 1.3187. For today the expected trading range is between 1.2977, Support and 1.3137 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3030 Support 2: 1.2977 Support 3: 1.2927
Resistance Levels: Resistance 1: 1.3137 Resistance 2: 1.3187 Resistance 3: 1.3241
GBP/USD Buying Opportunity for Intraday Trading October 9, 2018
Buy near the support area 1.3030 and 1.2977 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 9, 2018
Sell near the resistance area 1.3137 and 1.3187 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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