GBP USD Technical Analysis August 3, 2022
The GBP declined 0.68% against the USD on Tuesday and closed at 1.2169. Today in the European session, while the GBP USD Technical Analysis August 3, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2178, which is 0.07% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2187 and a fall through could take it to the next support level of 1.2170 The pair is expected to find its first resistance at 1.2165 and a rise through could take it to the next resistance level of 1.2020. Today’s expected trading range is between 1.2065 support and 1.2330 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2187
Support 2: 1. 2170
Support 3: 1. 2065
Important resistance levels:
Resistance 1: 1.2135
Resistance 2: 1.2065
Resistance 3: 1.2020
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