GBP USD Technical Analysis March 20, 2019
The GBP rose 0.13% against the USD on Tuesday and closed at 1.3261. Today in the Europen session while preparing GBP USD technical analysis March 20, 2019 at 9:15 GMT, the GBP/USD is trading at 1.3230, which is 0.23% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3200 and a fall through could take it to the next support level of 1.3160 The pair is expected to find its first resistance at 1.3300, and a rise through could take it to the next resistance level of 1.3340. For today the expected trading range is between 1.3160, Support and 1.3300 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3230 Support 2: 1.3200 Support 3: 1.3160
Resistance Levels: Resistance 1: 1.3300 Resistance 2: 1.3340 Resistance 3: 1.3371
GBP/USD Buying Opportunity for Intraday Trading March 20, 2019
Buy near the support area 1.3200 and 1.3160 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 20, 2019
Sell near the resistance area 1.3300 and 1.3340 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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