GBP USD Technical Analysis November 15, 2018
The GBP rose 0.14% against the USD on Wednesday and closed at 1.2988. Today in the Europen session while preparing GBP USD technical analysis November 15, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2920, which is 0.52% 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 1.2788 The pair is expected to find its first resistance at 1.3080, and a rise through could take it to the next resistance level of 1.3171. For today the expected trading range is between 1.2788, Support and 1.3080 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2888 Support 2: 1.2788 Support 3: 1.2696
Resistance Levels: Resistance 1: 1.3080 Resistance 2: 1.3171 Resistance 3: 1.3271
GBP/USD Buying Opportunity for Intraday Trading November 15, 2018
Buy near the support area 1.2888 and 1.2788 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 15, 2018
Sell near the resistance area 1.3080 and 1.3171 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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