GBP USD Technical Analysis 31 December 2020
GBP USD Technical Analysis: The GBP rose 0.90% against the USD on Wednesday and closed at 1.3623. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3655, which is 0.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3610 and a fall through could take it to the next support level of 1.3530 The pair is expected to find its first resistance at 1.3670 and a rise through could take it to the next resistance level of 1.3700. Today’s expected trading range is between 1.3530, support and 1.3750 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3610
Support 2: 1.3530
Support 3: 1.3430
Important resistance levels:
Resistance 1: 1.3670
Resistance 2: 1.3700
Resistance 3: 1.3750
GBP/USD buying opportunity for intraday trading on December 31, 2020
Buy near the support zones 1.3610 and 1.3530 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 December 31, 2020
Sell near the resistance zones 1.3670 and 1.3700 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.