GBP USD Technical Analysis 2 December 2020
GBP USD Technical Analysis: The GBP rose 0.73% against the USD on Tuesday and closed at 1.3418. Today in the Asian session, while GBP USD technical Analysis 2 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3436, which is 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3395 and a fall through could take it to the next support level of 1.3340 The pair is expected to find its first resistance at 1.3470 and a rise through could take it to the next resistance level of 1.3520. Today’s expected trading range is between 1.3240, support and 1.3520 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3395
Support 2: 1.3340
Support 3: 1.3315
Important resistance levels:
Resistance 1: 1.3470
Resistance 2: 1.3520
Resistance 3: 1.3550
GBP/USD buying opportunity for intraday trading on December 2, 2020
Buy near the support zones 1.3395 and 1.3340 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 December 2, 2020
Sell near the resistance zones 1.3470 and 1.3520 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.