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GBP USD Technical Analysis July 6, 2022

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GBP USD Technical Analysis July 6, 2022

The GBP declined 1.25% against the USD on Tuesday and closed at 1.1953. Today in the European session, while GBP USD Technical Analysis 31 May 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1937, which is 0.12% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.1900 and a fall through could take it to the next support level of 1.1860 The pair is expected to find its first resistance at 1.1990 and a rise through could take it to the next resistance level of 1.2010. Today’s expected trading range is between 1.1800 support and 1.2085 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 1900
Support 2: 1. 1860
Support 3: 1. 1800

Important resistance levels:

Resistance 1: 1.1990
Resistance 2: 1.2010
Resistance 3: 1.2085

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