GBP USD Technical Analysis August 16, 2022
The GBP declined 0.67% against the USD on Monday and closed at 1.2054. Today in the European session, while the GBP USD Technical Analysis August 16, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2050, which is 0.03% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2020 and a fall through could take it to the next support level of 1.2005 The pair is expected to find its first resistance at 1.2065 and a rise through could take it to the next resistance level of 1.2115. Today’s expected trading range is between 1.1965 support and 1.2145 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2020
Support 2: 1. 2005
Support 3: 1. 1965
Important resistance levels:
Resistance 1: 1.2065
Resistance 2: 1.2115
Resistance 3: 1.2145
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