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GBP USD Technical Analysis 2 June 2022

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GBP USD Technical Analysis 2 June 2022

The GBP declined 0.90% against the USD on Wednesday and closed at 1.2487. 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 1.2540, which is 0.44% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.2470 and a fall through could take it to the next support level of 1.2460 The pair is expected to find its first resistance at 1.2560 and a rise through could take it to the next resistance level of 1.2590. Today’s expected trading range is between 1.2335 support and 1.2630 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.2470
Support 2: 1.2460
Support 3: 1.2335

Important resistance levels:

Resistance 1: 1.2560
Resistance 2: 1.2590
Resistance 3: 1.2630

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