GBP USD Technical Analysis August 10, 2022
The GBP declined 0.07% against the USD on Tuesday and closed at 1.2078. Today in the European session, while the GBP USD Technical Analysis August 10, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2114, which is 0.29% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2065 and a fall through could take it to the next support level of 1.2048 The pair is expected to find its first resistance at 1.2125 and a rise through could take it to the next resistance level of 1.2170. Today’s expected trading range is between 1.2005 support and 1.2215 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2065
Support 2: 1. 2048
Support 3: 1. 2005
Important resistance levels:
Resistance 1: 1.2125
Resistance 2: 1.2170
Resistance 3: 1.2215
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