GBP USD Technical Analysis 25 May 2022
The GBP declined 0.39% against the USD on Tuesday and closed at 1.2532. Today in the Asian session, while GBP USD Technical Analysis 25 May 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2530, which is 0.03% lower 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 1.2455 The pair is expected to find its first resistance at 1.2550 and a rise through could take it to the next resistance level of 1.2595. Today’s expected trading range is between 1.2440 support and 1.2635 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2470
Support 2: 1.2455
Support 3: 1.2440
Important resistance levels:
Resistance 1: 1.2550
Resistance 2: 1.2595
Resistance 3: 1.2635
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