GBP USD Technical Analysis December 12, 2022
The GBP rose 0.21% against the USD on Friday and closed at 1.2260. Today in the European session, while the GBP USD Technical Analysis December 12, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2287, which is 0.12% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2210 and a fall through could take it to the next support level of 1.2155 The pair is expected to find its first resistance at 1.2320 and a rise through could take it to the next resistance level of 1.2342. Today’s expected trading range is between 1.2110 support and 1.2400 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2210
Support 2: 1. 2155
Support 3: 1. 2110
Important resistance levels:
Resistance 1: 1.2320
Resistance 2: 1.2342
Resistance 3: 1.2400
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