GBP USD Technical Analysis August 25, 2022
The GBP declined 0.29% against the USD on Wednesday and closed at 1.1798. Today in the European session, while the GBP USD Technical Analysis August 25, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1840, which is 0.35% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1785 and a fall through could take it to the next support level of 1.1755 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 1.1920. Today’s expected trading range is between 1.1720 support and 1.2000 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1785
Support 2: 1. 1755
Support 3: 1. 1720
Important resistance levels:
Resistance 1: 1.1875
Resistance 2: 1.1920
Resistance 3: 1.2000
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