GBP USD Technical Analysis July 17, 2023
The GBP declined 0.30% against the USD on Friday and closed at 1.3090. Today in the European session, while the GBP USD Technical Analysis July 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.3070, which is 0.15% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.3050 and a fall-through could take it to the next support level of 1.3015 The pair is expected to find its first resistance at 1.3100 and a rise-through could take it to the next resistance level of 1.3140. Today’s expected trading range is between 1.2985 support and 1.3190 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 3050
Support 2: 1. 3015
Support 3: 1. 2985
Important resistance levels:
Resistance 1: 1.3100
Resistance 2: 1.3140
Resistance 3: 1.3190
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