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GBP USD Technical Analysis October 10, 2018

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GBP USD Technical Analysis October 10, 2018

The GBP declined 0.42% against the USD on Tuesday and closed at 1.3141. Today in the Europen session while preparing GBP USD technical analysis October 10, 2018 at 10:15 GMT, the GBP/USD is trading at 1.3151, which is 0.07% higher against the USD from yesterday’s close.

GBP USD Technical Analysis October 10, 2018
GBP USD Technical Analysis October 10, 2018

GBP USD Technical Analysis 10 October 2018

The pair is expected to find support at 1.3066, and a fall through could take it to the next support level of 1.2990 The pair is expected to find its first resistance at 1.3183, and a rise through could take it to the next resistance level of 1.3225. For today the expected trading range is between 1.3066, Support and 1.3225 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3066 Support 2: 1.2990 Support 3: 1.2950
Resistance Levels: Resistance 1: 1.3183 Resistance 2: 1.3225 Resistance 3: 1.3300

GBP/USD Buying Opportunity for Intraday Trading October 10, 2018

Buy near the support area 1.3066 and 1.2990 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 10, 2018

Sell near the resistance area 1.3183 and 1.3225 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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