GBP USD Technical Analysis August 22, 2022
The GBP declined 0.86% against the USD on Friday and closed at 1.1825. Today in the European session, while the GBP USD Technical Analysis August 22, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1810, which is 0.13% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1785 and a fall through could take it to the next support level of 1.1765 The pair is expected to find its first resistance at 1.1865 and a rise through could take it to the next resistance level of 1.1895. Today’s expected trading range is between 1.1700 support and 1.1925 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1785
Support 2: 1. 1765
Support 3: 1. 1700
Important resistance levels:
Resistance 1: 1.1865
Resistance 2: 1.1895
Resistance 3: 1.1925
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