E Forex Analysis Of GBP/USD For Monday, July 9

First, we look into the previous day trade and what happened on July 6, 2018, and it opened at 1.3215 and went high at 1.3289 and gone low 1.3202 and finally closed at 1.3284.  The calculated pivot point for the day is 1.3258.

The difference between high and low was nearly 87 points and there was a good chance for traders to take the opportunity and finally benefited.  Now the opportunity is, the market is trying to go upper levels for few days. Hourly traders waited for the opportunity to buy at 1.3380 level to get good profit. For many days, the pair was ranging from 1.3050 to 1.3315 levels and started moving upper levels. Traders should go for buy at support levels since there is no impact of nonfarm payrolls on this pair. Short term traders can watch 1.3200 levels.                                                                                                                                                                                                                                        

 

Levels

First Level

Second Level

Third Level

Selling Levels

1.3200

1.3173

1.3145

Buying Levels

1.3340

1.3368

1.3396

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