GBP USD Technical Analysis October 12, 2022
The GBP declined 0.82% against the USD on Tuesday and closed at 1.0965. Today in the European session, while the GBP USD Technical Analysis October 12, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1031, which is 0.60% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.0925 and a fall through could take it to the next support level of 1.0880 The pair is expected to find its first resistance at 1.1060 and a rise through could take it to the next resistance level of 1.1110. Today’s expected trading range is between 1.0775 support and 1.1175 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 0925
Support 2: 1. 0880
Support 3: 1. 0775
Important resistance levels:
Resistance 1: 1.1060
Resistance 2: 1.1110
Resistance 3: 1.1175
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