GBP USD Technical Analysis Aug 2, 2019
GBP USD Technical Analysis: The GBP declined 0.23% against the USD onThursday and closed at 1.2131. Today in the Europen session while preparing GBP USD technical Analysis Aug 2, 2019 at 7:15 GMT, the GBP/USD is trading at 1.2121, which is 0.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2083 and a fall through could take it to the next support level of 1.2035. The pair is expected to find its first resistance at 1.2175, and a rise through could take it to the next resistance level of 1.2220. For today the expected trading range is between 1.2035, Support and 1.2220 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2083, Support 2: 1.2035, Support 3: 1.1990
Resistance Levels: Resistance 1: 1.2175, Resistance 2: 1.2220, Resistance 3: 1.2267
GBP/USD Buying Opportunity for Intraday Trading Aug 2, 2019
Buy near the support area 1.2083 and 1.2035 as soon as you get reversal candlesticks using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
GBP/USD Selling Opportunity for Intraday Trading Aug 2, 2019
Sell near the resistance area 1.2175 and 1.2120 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.
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