GBP USD Technical Analysis October 25, 2018
The GBP declined 0.79% against the USD on Wednesday and closed at 1.2878. Today in the Europen session while preparing GBP USD technical analysis October 25, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2900, which is 0.17% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2833, and a fall through could take it to the next support level of 1.2788 The pair is expected to find its first resistance at 1.2957, and a rise through could take it to the next resistance level of 1.3035. For today the expected trading range is between 1.2833, Support and 1.2957 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2833 Support 2: 1.2788 Support 3: 1.2710
Resistance Levels: Resistance 1: 1.2957 Resistance 2: 1.3035 Resistance 3: 1.3080
GBP/USD Buying Opportunity for Intraday Trading October 25, 2018
Buy near the support area 1.2833 and 1.2788 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 25, 2018
Sell near the resistance area 1.2957 and 1.3035 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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