GBP USD Technical Analysis December 6, 2022
The GBP declined 0.71% against the USD on Monday and closed at 1.2189. Today in the European session, while the GBP USD Technical Analysis December 6, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2175, which is 0.11% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2165 and a fall through could take it to the next support level of 1.2135 The pair is expected to find its first resistance at 1.2220 and a rise through could take it to the next resistance level of 1.2315. Today’s expected trading range is between 1.2070 support and 1.2342 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2165
Support 2: 1. 2135
Support 3: 1. 2070
Important resistance levels:
Resistance 1: 1.2220
Resistance 2: 1.2315
Resistance 3: 1.2342
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