GBP USD Technical Analysis 13 July 2020
GBP USD Technical Analysis: The GBP rose 0.12% against the USD on Friday and closed at 1.2620. Today in the Asian session, while GBP USD technical Analysis 13 July 2020 at 5:15 GMT, the GBP/USD is trading at 1.2651, which is 0.25% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2620 and a fall through could take it to the next support level of 1.2570 The pair is expected to find its first resistance at 1.2665 and a rise through could take it to the next resistance level of 1.2765. Today’s expected trading range is between 1.2565, support and 1.2765 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2620
Support 2: 1.2570
Support 3: 1.2510
Important resistance levels:
Resistance 1: 1.2665
Resistance 2: 1.2765
Resistance 3: 1.2800
GBP/USD buying opportunity for intraday trading on July 13, 2020
Buy near the support zones 1.2620 and 1.2570 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 July 13, 2020
Sell near the resistance zones 1.2665 and 1.2765 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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