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GBP USD Technical Analysis 2 September 2020

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GBP USD Technical Analysis 2 September 2020

GBP USD Technical Analysis: The GBP rose 0.11% against the USD on Tuesday and closed at 1.3382. Today in the Asian session, while GBP USD technical Analysis 2 September 2020 at 5:15 GMT, the GBP/USD is trading at 1.3361, which is 0.15% lower against the USD from yesterday’s close.

The pair is expected to find support at 1.3330 and a fall through could take it to the next support level of 1.3300 The pair is expected to find its first resistance at 1.3400 and a rise through could take it to the next resistance level of 1.3460. Today’s expected trading range is between 1.3280, support and 1.3500 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3330
Support 2: 1.3300
Support 3: 1.3280

Important resistance levels:

Resistance 1: 1.3000
Resistance 2: 1.3460
Resistance 3: 1.3500

GBP/USD buying opportunity for intraday trading on September 2, 2020

Buy near the support zones 1.3330 and 1.3300 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 September 2, 2020

Sell near the resistance zones 1.3400 and 1.3460 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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