GBP USD Technical Analysis 15 July 2020
GBP USD Technical Analysis: The GBP declined 0.01% against the USD on Tuesday and closed at 1.2555. Today in the Asian session, while GBP USD technical Analysis 15 July 2020 at 5:15 GMT, the GBP/USD is trading at 1.2573, which is 0.17% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2500 and a fall through could take it to the next support level of 1.2480 The pair is expected to find its first resistance at 1.2585 and a rise through could take it to the next resistance level of 1.2615. Today’s expected trading range is between 1.2460, support and 1.2665 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2500
Support 2: 1.2480
Support 3: 1.2460
Important resistance levels:
Resistance 1: 1.2585
Resistance 2: 1.2615
Resistance 3: 1.2665
GBP/USD buying opportunity for intraday trading on July 15, 2020
Buy near the support zones 1.2500 and 1.2580 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 15, 2020
Sell near the resistance zones 1.2585 and 1.2615 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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