GBP USD Technical Analysis October 23, 2018
The GBP declined 0.84% against the USD on Monday and closed at 1.2958. Today in the Europen session while preparing GBP USD technical analysis October 23, 2018 at 10:15 GMT, the GBP/USD is trading at 1.2995, which is 0.28% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2913, and a fall through could take it to the next support level of 1.2867 The pair is expected to find its first resistance at 1.3047, and a rise through could take it to the next resistance level of 1.3135. For today the expected trading range is between 1.2013, Support and 1.3047 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2913 Support 2: 1.2867 Support 3: 1.2780
Resistance Levels: Resistance 1: 1.3047 Resistance 2: 1.3135 Resistance 3: 1.3180
GBP/USD Buying Opportunity for Intraday Trading October 23, 2018
Buy near the support area 1.2913 and 1.2867 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 23, 2018
Sell near the resistance area 1.3047 and 1.3135 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
EUR/USD Technical Analysis October 23, 2018
USD/JPY Technical Analysis October 23, 2018
USD/CAD Technical Analysis October 23, 2018