GBP USD Technical Analysis October 6, 2022
The GBP declined 1.29% against the USD on Wednesday and closed at 1.1324. Today in the European session, while the GBP USD Technical Analysis October 6, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1285, which is 0.33% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1240 and a fall through could take it to the next support level of 1.1200 The pair is expected to find its first resistance at 1.1375 and a rise through could take it to the next resistance level of 1.1480. Today’s expected trading range is between 1.1185 support and 1.1550 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1240
Support 2: 1. 1200
Support 3: 1. 1185
Important resistance levels:
Resistance 1: 1.1375
Resistance 2: 1.1480
Resistance 3: 1.1550
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