GBP USD Technical Analysis July 27, 2023

GBP USD Technical Analysis July 27, 2023

The GBP rose 0.37% against the USD on Wednesday and closed at 1.2942. Today in the European session, while the GBP USD Technical Analysis July 27, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2871, which is 0.55% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2865 and a fall-through could take it to the next support level of 1.2840 The pair is expected to find its first resistance at 1.2995 and a rise-through could take it to the next resistance level of 1.3010. Today’s expected trading range is between 1.2815 support and 1.3050 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2865
Support 2: 1. 2840
Support 3: 1. 2815

Important resistance levels:

Resistance 1: 1.2995
Resistance 2: 1.3010
Resistance 3: 1.3050

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