GBP USD Technical Analysis 28 June 2021
GBP USD Technical Analysis: The GBP declined 0.28% against the USD on Friday and closed at 1.38822. Today in the Asian session, while GBP USD technical Analysis 28 June 2021at 4:45 GMT, the GBP/USD is trading at 1.3905, which is 0.17% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3875 and a fall through could take it to the next support level of 1.3860 The pair is expected to find its first resistance at 1.3935 and a rise through could take it to the next resistance level of 1.3985. Today’s expected trading range is between 1.3790, support and 1.4000 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3875
Support 2: 1.3860
Support 3: 1.3790
Important resistance levels:
Resistance 1: 1.3935
Resistance 2: 1.3985
Resistance 3: 1.4000
GBP/USD buying opportunity for intraday trading on June 28, 2021
Buy near the support zones 1.3875 and 1.3860 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 June 28, 2021
Sell near the resistance zones 1.3935 and 1.3985 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.