GBP USD Technical Analysis Aug 22, 2023
The GBP rose 0.22% against the USD on Monday and closed at 1.2756. Today in the European session, while the GBP USD Technical Analysis Aug 22, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2770, which is 0.11% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2720 and a fall-through could take it to the next support level of 1.2690 The pair is expected to find its first resistance at 1.2700 and a rise-through could take it to the next resistance level of 1.2815. Today’s expected trading range is between 1.2620 support and 1.2870 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2720
Support 2: 1. 2690
Support 3: 1. 2620
Important resistance levels:
Resistance 1: 1.2800
Resistance 2: 1.2815
Resistance 3: 1.2870
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