GBP USD Technical Analysis October 12, 2018

The GBP rose 0.30% against the USD on Thursday and closed at 1.3231. Today in the Europen session while preparing GBP USD technical analysis October 12, 2018 at 10:15 GMT, the GBP/USD is trading at 1.3215, which is 0.12% lower against the USD from yesterday’s close.

GBP USD Technical Analysis 12 October 2018

The pair is expected to find support at 1.3187, and a fall through could take it to the next support level of 1.3142 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 1.3292. For today the expected trading range is between 1.3142, Support and 1.3292 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3127 Support 2: 1.3142 Support 3: 1.3112
Resistance Levels: Resistance 1: 1.3261 Resistance 2: 1.3292 Resistance 3: 1.3336

GBP/USD Buying Opportunity for Intraday Trading October 12, 2018

Buy near the support area 1.3127 and 1.3142 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 12, 2018

Sell near the resistance area 1.3261 and 1.3392 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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