GBP USD Technical Analysis August 5, 2021
The GBP declined 0.18% against the USD on Wednesday and closed at 1.3888. Today in the Asian session, while GBP USD Technical Analysis August 5, 2021at 4:15 GMT, the GBP/USD is trading at 1.3923, which is 0.25% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3875 and a fall through could take it to the next support level of 1.3845 The pair is expected to find its first resistance at 1.3935 and a rise through could take it to the next resistance level of 1.3955. Today’s expected trading range is between 1.3830 support and 1.3980 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3875
Support 2: 1.3845
Support 3: 1.3830
Important resistance levels:
Resistance 1: 1.3935
Resistance 2: 1.3955
Resistance 3: 1.3980