GBP USD Technical Analysis July 4, 2023
The GBP declined 0.02% against the USD on Monday and closed at 1.2690. Today in the European session, while the GBP USD Technical Analysis July 4, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2710, which is 0.16% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2685 and a fall-through could take it to the next support level of 1.2660 The pair is expected to find its first resistance at 1.2720 and a rise-through could take it to the next resistance level of 1.2755. Today’s expected trading range is between 1.2600 support and 1.2785 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2685
Support 2: 1. 2660
Support 3: 1. 2600
Important resistance levels:
Resistance 1: 1.2720
Resistance 2: 1.2755
Resistance 3: 1.2785
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