GBP USD Technical Analysis January 21, 2019
The GBP declined 0.86% against the USD on Friday and closed at 1.2871. Today in the Europen session while preparing GBP USD technical analysis January 21, 2019 at 9:15 GMT, the GBP/USD is trading at 1.2850, which is 0.16% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2820 and a fall through could take it to the next support level of 1.2770 The pair is expected to find its first resistance at 1.2957, and a rise through could take it to the next resistance level of 1.3043. For today the expected trading range is between 1.2770, Support and 1.2957 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2820 Support 2: 1.2770 Support 3: 1.2683
Resistance Levels: Resistance 1: 1.2957 Resistance 2: 1.3043 Resistance 3: 1.3094
GBP/USD Buying Opportunity for Intraday Trading January 21, 2019
Buy near the support area 1.2820 and 1.2770 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 January 21, 2019
Sell near the resistance area 1.2957 and 1.3043 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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