GBP USD Technical Analysis 29 April 2021
GBP USD Technical Analysis: The GBP rose 0.16% against the USD on Wednesday and closed at 1.3935. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3945, which is 0.07% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3860 and a fall through could take it to the next support level of 1.3830 The pair is expected to find its first resistance at 1.3975 and a rise through could take it to the next resistance level of 1.4010. Today’s expected trading range is between 1.3860, support and 1.4050 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3920
Support 2: 1.3880
Support 3: 1.3860
Important resistance levels:
Resistance 1: 1.3975
Resistance 2: 1.4010
Resistance 3: 1.4050
GBP/USD buying opportunity for intraday trading on April 29, 2021
Buy near the support zones 1.3860 and 1.3830 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 April 29, 2021
Sell near the resistance zones 1.3975 and 1.4010 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.