GBP USD Technical Analysis April 5, 2019
The GBP declined 0.62% against the USD on Thursday and closed at 1.3073. Today in the Europen session while preparing GBP USD technical analysis April 5, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3100, which is 0.20% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3025 and a fall through could take it to the next support level of 1.2977 The pair is expected to find its first resistance at 1.3156, and a rise through could take it to the next resistance level of 1.3238. For today the expected trading range is between 1.2977, Support and 1.3156 Resistance.
The expected trend for today is Bearsh
Supports Levels: Support 1: 1.3025 Support 2: 1.2977 Support 3: 1.2894
Resistance Levels: Resistance 1: 1.3156 Resistance 2: 1.3238 Resistance 3: 1.3287
GBP/USD Buying Opportunity for Intraday Trading April 5, 2019
Buy near the support area 1.3025 and 1.2977 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 5, 2019
Sell near the resistance area 1.3156 and 1.3238 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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