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GBPUSD Technical Analysis

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Daily technical analysis based trade tips and ideas for forex GBPUSD. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.

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GBPUSD - spot
GBPUSD sideways as we topped exactly at first resistance at 1.3005/15 as predicted but we only dipped to 1.2969/68 again.

Same levels apply for today.
Today's Analysis
11 August 2017 Updated at 01:12am GMT
GBPUSD first resistance at 1.3005/15 could hold a rally. Shorts need stops above 1.3030 for a further recovery to resistance at 1.3075/80 & perhaps as far as strong resistance at 1.3100/10. Try shorts with stops above 1.3150. If we continue higher look for 1.3185/95.

Holding below 1.3015/05 (as is likely) targets 3 week lows at 1.2935/30. Below here we look for strong support at 1.2850/45. Try longs with stops below 1.2810.
Technical Analysis GBPUSD