GBP USD Technical Analysis October 7, 2022
The GBP declined 1.44% against the USD on Thursday and closed at 1.1162. Today in the European session, while the GBP USD Technical Analysis October 7, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1207, which is 0.40% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1120 and a fall through could take it to the next support level of 1.1030 The pair is expected to find its first resistance at 1.1220 and a rise through could take it to the next resistance level of 1.1325. Today’s expected trading range is between 1.0920 support and 1.1375 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1120
Support 2: 1. 1030
Support 3: 1. 0920
Important resistance levels:
Resistance 1: 1.1220
Resistance 2: 1.1325
Resistance 3: 1.1375
EUR/USD Technical Analysis October 7, 2022
USD/JPY Technical Analysis October 7, 2022
USD/CAD Technical Analysis October 7, 2022