GBP USD Technical Analysis July 7, 2023
The GBP rose 0.29% against the USD on Thursday and closed at 1.2738. Today in the European session, while the GBP USD Technical Analysis July 7, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2762, which is 0.19% 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 1.2680 The pair is expected to find its first resistance at 1.2780 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. 2680
Support 3: 1. 2660
Important resistance levels:
Resistance 1: 1.2780
Resistance 2: 1.2800
Resistance 3: 1.2840
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