GBP USD Technical Analysis 31 May 2022
The GBP rose 0.17% against the USD on Monday and closed at 1.2650. 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 1.2665, which is 0.67% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2555 and a fall through could take it to the next support level of 1.2530 The pair is expected to find its first resistance at 1.2625 and a rise through could take it to the next resistance level of 1.2665. Today’s expected trading range is between 1.2480 support and 1.2700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2555
Support 2: 1.2530
Support 3: 1.2480
Important resistance levels:
Resistance 1: 1.2625
Resistance 2: 1.2665
Resistance 3: 1.2700
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