GBP USD Technical Analysis August 31, 2022
The GBP declined 0.46% against the USD on Tuesday and closed at 1.1655. Today in the European session, while the GBP USD Technical Analysis August 31, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1617, which is 0.33% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1615 and a fall through could take it to the next support level of 1.1600 The pair is expected to find its first resistance at 1.1690 and a rise through could take it to the next resistance level of 1.1735. Today’s expected trading range is between 1.1530 support and 1.1757 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1615
Support 2: 1. 1600
Support 3: 1. 1530
Important resistance levels:
Resistance 1: 1.1690
Resistance 2: 1.1735
Resistance 3: 1.1757
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