GBP USD Technical Analysis September 18, 2018

The GBP rose 0.65% against the USD on Monday and closed at 1.3155. Today in the Asian session while preparing GBP USD technical analysis September 18, 2018 at 8:15 GMT, the GBP/USD is trading at 1.3141, which is 0.10% lower against the USD from yesterday’s close.

In Europe, data showed that UK Conference Board leading economic index fell 0.2% to 96.5 in July 2018. Comprehensive economic indicators are key elements of the analysis system and are designed to show peaks and valleys in the business cycle.

 

 

GBP USD technical analysis september 18, 2018

The pair is expected to find support at 1.3095, and a fall through could take it to the next support level of 1.3133 The pair is expected to find its first resistance at 1.3190, and a rise through could take it to the next resistance level of 1.3225. For today the expected trading range is between 1.3095, Support and 1.3225 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1.3195 Support 2: 1.3133 Support 3: 1.3000
Resistance Levels: Resistance 1: 1.3190 Resistance 2: 1.3225 Resistance 3: 1.3286

Previous day`s high: 1.2932
Previous day`s low: 1.2854

GBP/USD Buying Opportunity for Intraday Trading September 18, 2018

Buy near the support area 1.3095 and 1.3033 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.

EUR/USD Selling Opportunity for Intraday Trading September 18, 2018

Sell near the resistance area 1.3190 and 1.3225 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.

EUR/USD Technical Analysis September 18, 2018
USD/JPY Technical Analysis September 18, 2018
USD/CAD Technical Analysis September 18, 2018