GBP USD Technical Analysis December 5, 2018
The GBP declined 0.07% against the USD on Tuesday and closed at 1.2712. Today in the Europen session while preparing GBP USD technical analysis December 5, 2018 at 7:15 GMT, the GBP/USD is trading at 1.2725, which is 0.10% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2634 and a fall through could take it to the next support level of 1.2555 The pair is expected to find its first resistance at 1.2815, and a rise through could take it to the next resistance level of 1.2917. For today the expected trading range is between 1.2634, Support and 1.2815 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2634 Support 2: 1.2555 Support 3: 1.2453
Resistance Levels: Resistance 1: 1.2815 Resistance 2: 1.2917 Resistance 3: 1.3000
GBP/USD Buying Opportunity for Intraday Trading December 5, 2018
Buy near the support area 1.2634 and 1.2555 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 December 5, 2018
Sell near the resistance area 1.2815and 1.2917 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
EUR/USD Technical Analysis December 5, 2018
USD/JPY Technical Analysis December 5, 2018
USD/CAD Technical Analysis December 5, 2018