GBP USD Technical Analysis 29 December 2020
GBP USD Technical Analysis: The GBP declined 0.70% against the USD on Monday and closed at 1.3451. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3491, which is 0.30% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3435 and a fall through could take it to the next support level of 1.3390 The pair is expected to find its first resistance at 1.3545 and a rise through could take it to the next resistance level of 1.3615. Today’s expected trading range is between 1.3310, support and 1.3615 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3435
Support 2: 1.3390
Support 3: 1.3310
Important resistance levels:
Resistance 1: 1.3545
Resistance 2: 1.3615
Resistance 3: 1.3650
GBP/USD buying opportunity for intraday trading on December 29, 2020
Buy near the support zones 1.3435 and 1.3390 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 29, 2020
Sell near the resistance zones 1.3545 and 1.3615 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.
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