GBP USD Technical Analysis 29 September 2020
GBP USD Technical Analysis: The GBP rose 0.54% against the USD on Monday and closed at 1.2831. Today in the Asian session, while GBP USD technical Analysis 29 September 2020 at 4:45 GMT, the GBP/USD is trading at 1.2860, which is 0.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2800 and a fall through could take it to the next support level of 1.2745 The pair is expected to find its first resistance at 1.2925 and a rise through could take it to the next resistance level of 1.2965. Today’s expected trading range is between 1.2685, support and 1.2995 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2800
Support 2: 1.2745
Support 3: 1.2685
Important resistance levels:
Resistance 1: 1.2925
Resistance 2: 1.2965
Resistance 3: 1.2995
GBP/USD buying opportunity for intraday trading on September 29, 2020
Buy near the support zones 1.2800 and 1.2745 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
GBP/USD selling opportunity for intraday trading on September 29, 2020
Sell near the resistance zones 1.2925 and 1.2965 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.