GBP USD Technical Analysis 27 January 2021
GBP USD Technical Analysis: The GBP rose 0.45% against the USD on Tuesday and closed at 1.3736. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3730, which is 0.05% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3700 and a fall through could take it to the next support level of 1.3650 The pair is expected to find its first resistance at 1.3780 and a rise through could take it to the next resistance level of 1.3800. Today’s expected trading range is between 1.3510, support and 1.3830 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3700
Support 2: 1.3650
Support 3: 1.3510
Important resistance levels:
Resistance 1: 1.3780
Resistance 2: 1.3800
Resistance 3: 1.3830
GBP/USD buying opportunity for intraday trading on January 27, 2021
Buy near the support zones 1.3700 and 1.3650 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 27, 2021
Sell near the resistance zones 1.3780 and 1.3800 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.