GBP USD Technical Analysis August 19, 2022
The GBP declined 0.98% against the USD on Thursday and closed at 1.1929. Today in the European session, while the GBP USD Technical Analysis August 19, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1882, which is 0.40% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1875 and a fall through could take it to the next support level of 1.1820 The pair is expected to find its first resistance at 1.2010 and a rise through could take it to the next resistance level of 1.2065. Today’s expected trading range is between 1.1760 support and 1.2140 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1875
Support 2: 1. 1820
Support 3: 1. 1760
Important resistance levels:
Resistance 1: 1.2010
Resistance 2: 1.2065
Resistance 3: 1.2140
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