GBP USD Technical Analysis October 11, 2018

The GBP drose 0.38% against the USD on Wednesday and closed at 1.3191. Today in the Europen session while preparing GBP USD technical analysis October 11, 2018 at 6:15 GMT, the GBP/USD is trading at 1.3217, which is 0.19% higher against the USD from yesterday’s close.

GBP USD Technical Analysis 11 October 2018

The pair is expected to find support at 1.3115, and a fall through could take it to the next support level of 1.3100 The pair is expected to find its first resistance at 1.3261, and a rise through could take it to the next resistance level of 1.3310. For today the expected trading range is between 1.3115, Support and 1.3310 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.3115 Support 2: 1.3100 Support 3: 1.3062
Resistance Levels: Resistance 1: 1.3226 Resistance 2: 1.3261 Resistance 3: 1.3310

GBP/USD Buying Opportunity for Intraday Trading October 11, 2018

Buy near the support area 1.3115 and 1.3100 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 October 11, 2018

Sell near the resistance area 1.3261 and 1.3310 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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