GBP USD Technical Analysis February 7, 2019
The GBP declined 0.16% against the USD on Wednesday and closed at 1.2927. Today in the Europen session while preparing GBP USD technical analysis February 7, 2019 at 9:15 GMT, the GBP/USD is trading at 1.2900, which is 0.20% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2888 and a fall through could take it to the next support level of 1.2855 The pair is expected to find its first resistance at 1.2962, and a rise through could take it to the next resistance level of 1.2997. For today the expected trading range is between 1.2855, Support and 1.2962 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2910 Support 2: 1.2888 Support 3: 1.2855
Resistance Levels: Resistance 1: 1.2962 Resistance 2: 1.2997 Resistance 3: 1.3017
GBP/USD Buying Opportunity for Intraday Trading February 7, 2019
Buy near the support area 1.2888 and 1.2855 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 February 7, 2019
Sell near the resistance area 1.2962 and 1.2997 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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