GBP USD Technical Analysis 18th November, 2016
Technical Analysis Overview:
Prev. Close 1.2420
Day’s Range 1.2385 – 1.2506
52 wk Range 1.1450 – 1.5336
1-Year Return -18.53%
Technical Support and Resistance:
Daily GBP USD Technical analysis shows that GBP/USD pair may find the immediate support at 1.2407. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2341 and 1.2277. On the other side the market has immediate resistance at 1.2425. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2435 and 1.2469.
Expected trading range for today is between 1.2385 supports and 1.2506 resistances.