First, we look into the previous day trade and what happened on July 30, 2018, and it opened at 1.31028 and went high at 1.31479 and gone to low at 1.30915 and finally closed at 1.31298. The calculated pivot point for the day is 1.31230
The difference between high and low was nearly 0.0564 points and there was a very little chance for traders to take the opportunity and finally benefited. Now the opportunity is, the market is trying to form lower to consolidation levels for a few days.
Hourly (4 hrs) chart followers and traders should go for buy at 1.31305, 1.31490 and sell at 1.30990, 1.30494 levels to get a good profit. For many days, the pair was ranging from 1.2964 to 1.3350 levels and started moving to lower levels from high levels due to various reasons.
TRADERS SHOULD OBSERVE AT THESE LEVELS FOR THEIR TRADING
|
Level |
First Level |
Second Level |
Third Level |
|
Selling Level |
1.3070 |
1.3010 |
1.2965 |
|
Buying Level |
1.3211 |
1.3250 |
1.3290 |
EVENTS TO BE OBSERVED BY TRADERS AT THESE TIMINGS AND TAKE ADVANTAGE
GBPUSD FUNDAMENTALS TODAY
|
GMT |
Event |
Actual |
Previous |
|---|---|---|---|
|
09:00 |
EUR Consumer Price Index (YoY) |
2.1% |
2.0% |
|
09:00 |
EUR Unemployment Rate |
8.3% |
8.3% |
|
09:00 |
EUR Gross Domestic Product s.a. (QoQ) |
0.3% |
0.4% |
|
09:00 |
EUR Gross Domestic Product s.a. (YoY) |
2.1% |
2.5% |
|
10:00 |
EUR Gross Domestic Product (YoY) |
1.1% |
1.4% |
|
10:00 |
EUR Gross Domestic Product (QoQ) |
0.2% |
0.3% |
|
12:30 |
USD Personal Consumption Expenditures - Price Index (YoY) |
2.3% |
|
|
12:30 |
USD Core Personal Consumption Expenditure - Price Index (MoM) |
0.2% |
|
|
12:30 |
USD Personal Spending |
0.2% |
|
|
12:30 |
USD Personal Consumption Expenditures - Price Index (MoM) |
0.2% |
|
|
12:30 |
USD Core Personal Consumption Expenditure - Price Index (YoY) |
2% |
|
|
12:30 |
USD Personal Income (MoM) |
0.4% |
See the levels in the Chart and trade accordingly
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