GBP USD Technical Analysis March 11, 2019
The GBP declined 0.48% against the USD on Friday and closed at 1.3017. Today in the Europen session while preparing GBP USD technical analysis March 11, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3000, which is 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2968 and a fall through could take it to the next support level of 1.2920 The pair is expected to find its first resistance at 1.3086, and a rise through could take it to the next resistance level of 1.3155. For today the expected trading range is between 1.2850, Support and 1.3086 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2068 Support 2: 1.2920 Support 3: 1.2850
Resistance Levels: Resistance 1: 1.3086 Resistance 2: 1.3155 Resistance 3: 1.3200
GBP/USD Buying Opportunity for Intraday Trading March 11, 2019
Buy near the support area 1.2068 and 1.2020 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 March 11, 2019
Sell near the resistance area 1.3086 and 1.3155 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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