GBP USD Technical Analysis October 31, 2018
The GBP declined 0.70% against the USD on Tuesday and closed at 1.2706. Today in the Europen session while preparing GBP USD technical analysis October 31, 2018 at 10:15 GMT, the GBP/USD is trading at 1.2740, which is 0.27% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2660, and a fall through could take it to the next support level of 1.2615 The pair is expected to find its first resistance at 1.2782, and a rise through could take it to the next resistance level of 1.2857. For today the expected trading range is between 1.2615, Support and 1.2781 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1.2660 Support 2: 1.2615 Support 3: 1.2540
Resistance Levels: Resistance 1: 1.2782 Resistance 2: 1.2857 Resistance 3: 1.2903
GBP/USD Buying Opportunity for Intraday Trading October 31, 2018
Buy near the support area 1.2760 and 1.2615 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 31, 2018
Sell near the resistance area 1.2782 and 1.2857 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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