GBP USD Technical Analysis 1 June 2022
The GBP declined 0.39% against the USD on Tuesday and closed at 1.2601. Today in the Asian session, while GBP USD Technical Analysis 31 May 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2587, which is 0.12% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2560 and a fall through could take it to the next support level of 1.2525 The pair is expected to find its first resistance at 1.2610 and a rise through could take it to the next resistance level of 1.2630. Today’s expected trading range is between 1.2480 support and 1.2660 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2560
Support 2: 1.2525
Support 3: 1.2480
Important resistance levels:
Resistance 1: 1.2610
Resistance 2: 1.2630
Resistance 3: 1.2660
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