GBP USD Technical Analysis April 16, 2019

GBP USD Technical Analysis: The GBP rose 0.14% against the USD on Monday and closed at 1.3096. Today in the Europen session while preparing GBP USD technical analysis April 16, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3085, which is 0.08% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3070 and a fall through could take it to the next support level of 1.3045 The pair is expected to find its first resistance at 1.3120, and a rise through could take it to the next resistance level of 1.3145. For today the expected trading range is between 1.3035, Support and 1.3145 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3070 Support 2: 1.3045 Support 3: 1.3020
Resistance Levels: Resistance 1: 1.3120 Resistance 2: 1.3144 Resistance 3: 1.3170

GBP/USD Buying Opportunity for Intraday Trading April 16, 2019

Buy near the support area 1.3070 and 1.3045 as soon as you get reversal candlesticks using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.

GBP/USD Selling Opportunity for Intraday Trading April 16, 2019

Sell near the resistance area 1.3120 and 1.3144 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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