GBP USD Technical Analysis August 12, 2022
The GBP declined 0.14% against the USD on Thursday and closed at 1.2205. Today in the European session, while the GBP USD Technical Analysis August 12, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2131, which is 0.61% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2120 and a fall through could take it to the next support level of 1.2065 The pair is expected to find its first resistance at 1.2215 and a rise through could take it to the next resistance level of 1.2245. Today’s expected trading range is between 1.2050 support and 1.2275 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2120
Support 2: 1. 2065
Support 3: 1. 2050
Important resistance levels:
Resistance 1: 1.2215
Resistance 2: 1.2245
Resistance 3: 1.2275
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