GBP USD Technical Analysis October 24, 2018
The GBP rose 0.17% against the USD on Tuesday and closed at 1.2981. Today in the Europen session while preparing GBP USD technical analysis October 24, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2975, which is 0.05% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2930, and a fall through could take it to the next support level of 1.2880 The pair is expected to find its first resistance at 1.3037, and a rise through could take it to the next resistance level of 1.3094. For today the expected trading range is between 1.2930, Support and 1.3037 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2930 Support 2: 1.2880 Support 3: 1.2823
Resistance Levels: Resistance 1: 1.3037 Resistance 2: 1.3094 Resistance 3: 1.3145
GBP/USD Buying Opportunity for Intraday Trading October 24, 2018
Buy near the support area 1.2930 and 1.2880 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 24, 2018
Sell near the resistance area 1.3047 and 1.3135 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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