GBP USD Technical Analysis 30 November 2020
GBP USD Technical Analysis: The GBP declined 0.36% against the USD on Friday and closed at 1.3308. Today in the Asian session, while GBP USD technical Analysis 30 November 2020 at 4:45 GMT, the GBP/USD is trading at 1.3335, which is 0.21% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3295 and a fall through could take it to the next support level of 1.3270 The pair is expected to find its first resistance at 1.3365 and a rise through could take it to the next resistance level of 1.3380. Today’s expected trading range is between 1.3295, support and 1.3395 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3295
Support 2: 1.3270
Support 3: 1.3200
Important resistance levels:
Resistance 1: 1.3365
Resistance 2: 1.3380
Resistance 3: 1.3395
GBP/USD buying opportunity for intraday trading on November 30, 2020
Buy near the support zones 1.3295 and 1.3270 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 November 30, 2020
Sell near the resistance zones 1.3365 and 1.3380 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.