GBP USD Technical Analysis 24 May 2022
The GBP rose 0.87% against the USD on Monday and closed at 1.2587. Today in the Asian session, while GBP USD Technical Analysis 24 May 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2488, which is 0.79% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2455 and a fall through could take it to the next support level of 1.2440 The pair is expected to find its first resistance at 1.2600 and a rise through could take it to the next resistance level of 1.2630. Today’s expected trading range is between 1.2335 support and 1.2760 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2455
Support 2: 1.2440
Support 3: 1.2335
Important resistance levels:
Resistance 1: 1.2600
Resistance 2: 1.2630
Resistance 3: 1.2760
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