GBP USD Technical Analysis July 11, 2022
The GBP rose 0.10% against the USD on Friday and closed at 1.2033. Today in the European session, while GBP USD Technical Analysis 31 May 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1967, which is 0.55% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1950 and a fall through could take it to the next support level of 1.1920 The pair is expected to find its first resistance at 1.2055 and a rise through could take it to the next resistance level of 1.2120. Today’s expected trading range is between 1.1877 support and 1.2160 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1950
Support 2: 1. 1920
Support 3: 1. 1877
Important resistance levels:
Resistance 1: 1.2050
Resistance 2: 1.2125
Resistance 3: 1.2160
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