GBP USD Technical Analysis August 11, 2022
The GBP rose 1.14% against the USD on Wednesday and closed at 1.2219. Today in the European session, while the GBP USD Technical Analysis August 11, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2227, which is 0.07% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2185 and a fall through could take it to the next support level of 1.2135 The pair is expected to find its first resistance at 1.2245 and a rise through could take it to the next resistance level of 1.2275. Today’s expected trading range is between 1.2100 support and 1.2215 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2185
Support 2: 1. 2135
Support 3: 1. 2100
Important resistance levels:
Resistance 1: 1.2245
Resistance 2: 1.2275
Resistance 3: 1.2290
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