GBP USD Technical Analysis August 9, 2022
The GBP rose 0.13% against the USD on Monday and closed at 1.2083. Today in the European session, while the GBP USD Technical Analysis August 9, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2072, which is 0.10% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2068 and a fall through could take it to the next support level of 1.2048 The pair is expected to find its first resistance at 1.2090 and a rise through could take it to the next resistance level of 1.2135. Today’s expected trading range is between 1.2005 support and 1.2170 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2068
Support 2: 1. 2048
Support 3: 1. 2005
Important resistance levels:
Resistance 1: 1.2090
Resistance 2: 1.2135
Resistance 3: 1.2170
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