GBP USD Technical Analysis 2 July 2021
GBP USD Technical Analysis: The GBP declined 0.50% against the USD on Wednesday and closed at 1.3763. Today in the Asian session, while GBP USD technical Analysis 2 July 2021at 4:45 GMT, the GBP/USD is trading at 1.3748, which is 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3730 and a fall through could take it to the next support level of 1.3700 The pair is expected to find its first resistance at 1.3775 and a rise through could take it to the next resistance level of 1.3815. Today’s expected trading range is between 1.3670, support and 1.3835 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3730
Support 2: 1.3700
Support 3: 1.3670
Important resistance levels:
Resistance 1: 1.3775
Resistance 2: 1.3815
Resistance 3: 1.3835
GBP/USD buying opportunity for intraday trading on July 2, 2021
Buy near the support zones 1.3730 and 1.3700 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 2, 2021
Sell near the resistance zones 1.3775 and 1.3815 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.