Forex Analysis Of GBP/USD For Monday, July 16

First, we look into the previous day trade and what happened on July 13, 2018, and it opened at 1.32033 and went high at 1.32385 and gone to low at 1.31021 and finally closed at 1.32330. The calculated pivot point for the day is 1.31912.

The difference between high and low was nearly 0.1364 points and there was a very good chance for traders to take the opportunity and finally benefited.  Now the opportunity is, the market is trying to from lower to consolidation levels for a few days. Hourly traders are waiting for an opportunity to buy at  1.3242, 1.3292 levels and sell at 1.3208 1.3149 levels, to get good profit. For many days, the pair was ranging from 1.3050 to 1.3350 levels and started moving from lower levels due to dollar become weak for various reasons. Traders should go for buy at support levels and sell at resistance levels.

TRADERS SHOULD OBSERVE AT THESE LEVELS FOR THEIR TRADING

EVENTS TO BE OBSERVED BY TRADERS AT THESE TIMINGS AND TAKE ADVANTAGE 

GBPUSD FUNDAMENTALS TODAY

See the levels in the chart when traders enter into trade