GBP USD Technical Analysis October 30, 2018
The GBP declined 0.25% against the USD on Monday and closed at 1.2796. Today in the Europen session while preparing GBP USD technical analysis October 30, 2018 at 10:15 GMT, the GBP/USD is trading at 1.2765, which is 0.24% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2750, and a fall through could take it to the next support level of 1.2712 The pair is expected to find its first resistance at 1.2835, and a rise through could take it to the next resistance level of 1.2875. For today the expected trading range is between 1.2712, Support and 1.2835 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.2773 Support 2: 1.2750 Support 3: 1.2712
Resistance Levels: Resistance 1: 1.2835 Resistance 2: 1.2875 Resistance 3: 1.2897
GBP/USD Buying Opportunity for Intraday Trading October 30, 2018
Buy near the support area 1.2750 and 1.2712 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 30, 2018
Sell near the resistance area 1.2835 and 1.2875 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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