GBP USD Technical Analysis Aug 1, 2023
The GBP declined 0.04% against the USD on Monday and closed at 1.2835. Today in the European session, while the GBP USD Technical Analysis Aug 1, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2810, which is 0.20% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2800 and a fall-through could take it to the next support level of 1.2765 The pair is expected to find its first resistance at 1.2840 and a rise-through could take it to the next resistance level of 1.2870. Today’s expected trading range is between 1.2675 support and 1.2900 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2800
Support 2: 1. 2765
Support 3: 1. 2675
Important resistance levels:
Resistance 1: 1.2840
Resistance 2: 1.2870
Resistance 3: 1.2900
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