GBP USD Technical Analysis July 8, 2022
The GBP rose 0.84% against the USD on Thursday and closed at 1.2022. 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 1.1986, which is 0.30% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1920 and a fall through could take it to the next support level of 1.1875 The pair is expected to find its first resistance at 1.2055 and a rise through could take it to the next resistance level of 1.2120. Today’s expected trading range is between 1.1865 support and 1.2160 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1920
Support 2: 1. 1875
Support 3: 1. 1865
Important resistance levels:
Resistance 1: 1.2055
Resistance 2: 1.2120
Resistance 3: 1.2160
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