GBP USD Technical Analysis July 19, 2023
The GBP declined 0.30% against the USD on Tuesday and closed at 1.3033. Today in the European session, while the GBP USD Technical Analysis July 19, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2915, which is 0.91% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2910 and a fall-through could take it to the next support level of 1.2870 The pair is expected to find its first resistance at 1.3050 and a rise-through could take it to the next resistance level of 1.3100. Today’s expected trading range is between 1.2850 support and 1.3125 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2910
Support 2: 1. 2870
Support 3: 1. 2850
Important resistance levels:
Resistance 1: 1.3050
Resistance 2: 1.3100
Resistance 3: 1.3125
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