GBP USD Technical Analysis July 12, 2021
The GBP rose 0.82% against the USD on Friday and closed at 1.3899. Today in the Asian session, while GBP USD technical Analysis July 12, 2021at 4:45 GMT, the GBP/USD is trading at 1.3865, which is 0.25% lower 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 1.3800 The pair is expected to find its first resistance at 1.3905 and a rise through could take it to the next resistance level of 1.3940. Today’s expected trading range is between 1.3700, support and 1.3900 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3850
Support 2: 1.3800
Support 3: 1.3755
Important resistance levels:
Resistance 1: 1.3905
Resistance 2: 1.3940
Resistance 3: 1.4000