GBP USD Technical Analysis 26 January 2021
GBP USD Technical Analysis: The GBP declined 0.06% against the USD on Monday and closed at 1.3674. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3644, which is 0.22% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3640 and a fall through could take it to the next support level of 1.3620 The pair is expected to find its first resistance at 1.3680 and a rise through could take it to the next resistance level of 1.3720. Today’s expected trading range is between 1.3520, support and 1.3745 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3640
Support 2: 1.3620
Support 3: 1.3520
Important resistance levels:
Resistance 1: 1.3680
Resistance 2: 1.3720
Resistance 3: 1.3745
GBP/USD buying opportunity for intraday trading on January 26, 2021
Buy near the support zones 1.3640 and 1.3620 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 January 26, 2021
Sell near the resistance zones 1.3680 and 1.3720 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.