GBP USD Technical Analysis 30 September 2020
GBP USD Technical Analysis: The GBP rose 0.17% against the USD on Tuesday and closed at 1.2852. Today in the Asian session, while GBP USD technical Analysis 30 September 2020 at 4:45 GMT, the GBP/USD is trading at 1.2821, which is 0.25% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2780 and a fall through could take it to the next support level of 1.2735 The pair is expected to find its first resistance at 1.2900 and a rise through could take it to the next resistance level of 1.2930. Today’s expected trading range is between 1.2685, support and 1.2965 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2780
Support 2: 1.2735
Support 3: 1.2685
Important resistance levels:
Resistance 1: 1.2900
Resistance 2: 1.2930
Resistance 3: 1.2965
GBP/USD buying opportunity for intraday trading on September 30, 2020
Buy near the support zones 1.2780 and 1.2735 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 September 30, 2020
Sell near the resistance zones 1.2900 and 1.2930 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.