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GBP USD Technical Analysis July 6, 2023

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GBP USD Technical Analysis July 6, 2023

The GBP declined 0.06% against the USD on Wednesday and closed at 1.2702. Today in the European session, while the GBP USD Technical Analysis July 6, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2748, which is 0.36% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.2730 and a fall-through could take it to the next support level of 1.2690 The pair is expected to find its first resistance at 1.2775 and a rise-through could take it to the next resistance level of 1.2800. Today’s expected trading range is between 1.2660 support and 1.2840 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2730
Support 2: 1. 2690
Support 3: 1. 2660

Important resistance levels:

Resistance 1: 1.2775
Resistance 2: 1.2800
Resistance 3: 1.2840

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