GBP USD Technical Analysis 28 August 2020
GBP USD Technical Analysis: The GBP declined 0.07% against the USD on Wednesday and closed at 1.3198. Today in the Asian session, while GBP USD technical Analysis 28 August 2020 at 5:15 GMT, the GBP/USD is trading at 1.3288, which is 0.66% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3290 and a fall through could take it to the next support level of 1.3340 The pair is expected to find its first resistance at 1.3165 and a rise through could take it to the next resistance level of 1.3145. Today’s expected trading range is between 1.3145, support and 1.3340 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3165
Support 2: 1.3145
Support 3: 1.3050
Important resistance levels:
Resistance 1: 1.3290
Resistance 2: 1.3340
Resistance 3: 1.3390
GBP/USD buying opportunity for intraday trading on August 28, 2020
Buy near the support zones 1.3165 and 1.3145 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 August 28, 2020
Sell near the resistance zones 1.3290 and 1.3340 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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