GBP USD Technical Analysis 24 April 2020

GBP USD Technical Analysis: The GBP rose 0.08% against the USD on Thursday and closed at 1.2343. Today in the Europen session while preparing GBP USD technical Analysis 24 April 2020 at 6:45 GMT, the GBP/USD is trading at 1.2353, which is 0.08% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.2295 and a fall through could take it to the next support level of 1.2247. The pair is expected to find its first resistance at 1.2400, and a rise through could take it to the next resistance level of 1.2460. For today the expected trading range is between 1.2247, Support and 1.2460 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.2295, Support 2: 1.2247, Support 3: 1.2188
Resistance Levels: Resistance 1: 1.2400, Resistance 2: 1.2460, Resistance 3: 1.2510

GBP/USD Buying Opportunity for Intraday Trading 24 April 2020

Buy near the support area 1.2295 and 1.2247 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 24 April 2020

Sell near the resistance area 1.2400 and 1.2460 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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