GBP USD Technical Analysis August 9, 2021
The GBP declined 0.38% against the USD on Friday and closed at 1.3875. Today in the Asian session, while GBP USD Technical Analysis August 9, 2021at 4:15 GMT, the GBP/USD is trading at 1.3885, which is 0.07% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3850 and a fall through could take it to the next support level of 1.3830 The pair is expected to find its first resistance at 1.3990 and a rise through could take it to the next resistance level of 1.3950. Today’s expected trading range is between 1.3800 support and 1.3950 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3850
Support 2: 1.3830
Support 3: 1.3800
Important resistance levels:
Resistance 1: 1.3890
Resistance 2: 1.3950
Resistance 3: 1.3950