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GBP USD Technical Analysis July 12, 2022

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GBP USD Technical Analysis July 12, 2022

The GBP declined 1.05% against the USD on Monday and closed at 1.1890. 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 1.1844, which is 0.37% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.1810 and a fall through could take it to the next support level of 1.1760 The pair is expected to find its first resistance at 1.1920 and a rise through could take it to the next resistance level of 1.1995. Today’s expected trading range is between 1.1700 support and 1.2050 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 1810
Support 2: 1. 1760
Support 3: 1. 1700

Important resistance levels:

Resistance 1: 1.1920
Resistance 2: 1.1995
Resistance 3: 1.2050

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