GBP USD Technical Analysis November 12, 2018
The GBP declined 0.66% against the USD on Friday and closed at 1.2973. Today in the Europen session while preparing GBP USD technical analysis November 12, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2870, which is 0.79% 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 1.2820 The pair is expected to find its first resistance at 1.3041, and a rise through could take it to the next resistance level of 1.3110. For today the expected trading range is between 1.3141, Support and 1.2821 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2930 Support 2: 1.2888 Support 3: 1.2820
Resistance Levels: Resistance 1: 1.3041 Resistance 2: 1.3110 Resistance 3: 1.3152
GBP/USD Buying Opportunity for Intraday Trading November 12, 2018
Buy near the support area 1.2888 and 1.2820 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 November 12, 2018
Sell near the resistance area 1.3041 and 1.3110 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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