GBP USD Technical Analysis 23 April 2020

GBP USD Technical Analysis: The GBP rose 0.34% against the USD on Wednesday and closed at 1.2332. Today in the Europen session while preparing GBP USD technical Analysis 23 April 2020 at 6:45 GMT, the GBP/USD is trading at 1.2345, which is 0.10% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2275 and a fall through could take it to the next support level of 1.2220. The pair is expected to find its first resistance at 1.2387, and a rise through could take it to the next resistance level of 1.2442. For today the expected trading range is between 1.2165, Support and 1.2500 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.2275, Support 2: 1.2220, Support 3: 1.2165
Resistance Levels: Resistance 1: 1.2387, Resistance 2: 1.2442, Resistance 3: 1.2500

GBP/USD Buying Opportunity for Intraday Trading 23 April 2020

Buy near the support area 1.2275 and 1.2220 as soon as you get reversal candlesticks using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.

GBP/USD Selling Opportunity for Intraday Trading 23 April 2020

Sell near the resistance area 1.2387 and 1.2442 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.

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