GBP USD Technical Analysis August 16, 2021
The GBP rose 0.48% against the USD on Friday and closed at 1.3870. Today in the Asian session, while GBP USD Technical Analysis August 16, 2021at 4:15 GMT, the GBP/USD is trading at 1.3864, which is 0.04% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3840 and a fall through could take it to the next support level of 1.3815 The pair is expected to find its first resistance at 1.3875 and a rise through could take it to the next resistance level of 1.3885. Today’s expected trading range is between 1.3790 support and 1.3950 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3840
Support 2: 1.3815
Support 3: 1.3790
Important resistance levels:
Resistance 1: 1.3875
Resistance 2: 1.3885
Resistance 3: 1.3950