GBP USD Technical Analysis October 22, 2018
The GBP rose 0.37% against the USD on Friday and closed at 1.3065. Today in the Europen session while preparing GBP USD technical analysis October 22, 2018 at 10:15 GMT, the GBP/USD is trading at 1.3075, which is 0.07% higher against the USD from yesterday’s close.
GBP USD Technical Analysis 22 October 2018
The pair is expected to find support at 1.3016, and a fall through could take it to the next support level of 1.2967 The pair is expected to find its first resistance at 1.3110, and a rise through could take it to the next resistance level of 1.3153. For today the expected trading range is between 1.3016, Support and 1.3153 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.3016 Support 2: 1.2967 Support 3: 1.2923
Resistance Levels: Resistance 1: 1.3110 Resistance 2: 1.3153 Resistance 3: 1.3200
GBP/USD Buying Opportunity for Intraday Trading October 22, 2018
Buy near the support area 1.3016 and 1.2967 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 22, 2018
Sell near the resistance area 1.3110 and 1.3153 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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