GBP USD Technical Analysis Aug 14, 2023
The GBP rose 0.17% against the USD on Friday and closed at 1.2695. Today in the European session, while the GBP USD Technical Analysis Aug 14, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2705, which is 0.07% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2667 and a fall-through could take it to the next support level of 1.2625 The pair is expected to find its first resistance at 1.2710 and a rise-through could take it to the next resistance level of 1.2735. Today’s expected trading range is between 1.2600 support and 1.2715 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2667
Support 2: 1. 2625
Support 3: 1. 2600
Important resistance levels:
Resistance 1: 1.2710
Resistance 2: 1.2735
Resistance 3: 1.2815
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