GBP USD Technical Analysis October 29, 2018
The GBP rose 0.09% against the USD on Friday and closed at 1.2827. Today in the Europen session while preparing GBP USD technical analysis October 29, 2018 at 9:15 GMT, the GBP/USD is trading at 1.2825, which is 0.03% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2789, and a fall through could take it to the next support level of 1.2750 The pair is expected to find its first resistance at 1.2853, and a rise through could take it to the next resistance level of 1.2880. For today the expected trading range is between 1.2750, Support and 1.2880 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2789 Support 2: 1.2750 Support 3: 1.2725
Resistance Levels: Resistance 1: 1.2853 Resistance 2: 1.2980 Resistance 3: 1.2917
GBP/USD Buying Opportunity for Intraday Trading October 29, 2018
Buy near the support area 1.2789 and 1.2750 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 29, 2018
Sell near the resistance area 1.2853 and 1.2880 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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