GBP USD Technical Analysis November 5, 2018
The GBP declined 1.19% against the USD on Friday and closed at 1.2968. Today in the Europen session while preparing GBP USD technical analysis November 5, 2018 at 8:15 GMT, the GBP/USD is trading at 1.3010, which is 0.32% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2932, and a fall through could take it to the next support level of 1.2897 The pair is expected to find its first resistance at 1.3022, and a rise through could take it to the next resistance level of 1.3075. For today the expected trading range is between 1.2897, Support and 1.3075 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2932 Support 2: 1.2897 Support 3: 1.2843
Resistance Levels: Resistance 1: 1.3022 Resistance 2: 1.3075 Resistance 3: 1.3111
GBP/USD Buying Opportunity for Intraday Trading November 5, 2018
Buy near the support area 1.2932 and 1.2897 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 5, 2018
Sell near the resistance area 1.3022 and 1.3075 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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