GBP USD Technical Analysis August 18, 2022
The GBP declined 0.39% against the USD on Wednesday and closed at 1.2046. Today in the European session, while the GBP USD Technical Analysis August 18, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2047, which is 0.01% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1995 and a fall through could take it to the next support level of 1.1965 The pair is expected to find its first resistance at 1.2070 and a rise through could take it to the next resistance level of 1.2115. Today’s expected trading range is between 1.1890 support and 1.2140 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1995
Support 2: 1. 1965
Support 3: 1. 1890
Important resistance levels:
Resistance 1: 1.2070
Resistance 2: 1.2115
Resistance 3: 1.2140
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