GBP USD Technical Analysis July 29, 2019
GBP USD Technical Analysis: The GBP declined 0.55% against the USD on Friday and closed at 1.2382. Today in the Europen session while preparing GBP USD technical Analysis July 29, 2019 at 7:15 GMT, the GBP/USD is trading at 1.2340, which is 0.34% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2322 and a fall through could take it to the next support level of 1.2268. The pair is expected to find its first resistance at 1.2435, and a rise through could take it to the next resistance level of 1.2490. For today the expected trading range is between 1.2268, Support and 1.2435 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2252, Support 2: 1.2320, Support 3: 1.2268
Resistance Levels: Resistance 1: 1.2435, Resistance 2: 1.2490, Resistance 3: 1.2520
GBP/USD Buying Opportunity for Intraday Trading July 29, 2019
Buy near the support area 1.2322 and 1.2268 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 July 29, 2019
Sell near the resistance area 1.2435 and 1.2490 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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