GBP USD Technical Analysis April 12, 2019

GBP USD Technical Analysis: The GBP declined 0.28% against the USD on Thursday and closed at 1.3050. Today in the Europen session while preparing GBP USD technical analysis April 12, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3075, which is 0.19% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3030 and a fall through could take it to the next support level of 1.3010 The pair is expected to find its first resistance at 1.3390, and a rise through could take it to the next resistance level of 1.3128. For today the expected trading range is between 1.3030, Support and 1.3090 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3030 Support 2: 1.3010 Support 3: 1.2970
Resistance Levels: Resistance 1: 1.3090 Resistance 2: 1.3128 Resistance 3: 1.3148

GBP/USD Buying Opportunity for Intraday Trading April 12, 2019

Buy near the support area 1.3030 and 1.3010 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 April 12, 2019

Sell near the resistance area 1.3090 and 1.3128 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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