GBP USD Technical Analysis August 24, 2022
The GBP rose 0.58% against the USD on Tuesday and closed at 1.1834. Today in the European session, while the GBP USD Technical Analysis August 24, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1823, which is 0.09% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1800 and a fall through could take it to the next support level of 1.1740 The pair is expected to find its first resistance at 1.1875 and a rise through could take it to the next resistance level of 1.1895. Today’s expected trading range is between 1.1720 support and 1.1925 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1800
Support 2: 1. 1740
Support 3: 1. 1720
Important resistance levels:
Resistance 1: 1.1875
Resistance 2: 1.1895
Resistance 3: 1.1925
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