GBP USD Technical Analysis Aug 21, 2023
The GBP declined 0.09% against the USD on Friday and closed at 1.2733. Today in the European session, while the GBP USD Technical Analysis Aug 21, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2738, which is 0.04% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2690 and a fall-through could take it to the next support level of 1.2620 The pair is expected to find its first resistance at 1.2755 and a rise-through could take it to the next resistance level of 1.2765. Today’s expected trading range is between 1.2600 support and 1.2800 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2690
Support 2: 1. 2620
Support 3: 1. 2600
Important resistance levels:
Resistance 1: 1.2755
Resistance 2: 1.2765
Resistance 3: 1.2800
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