GBP USD Technical Analysis July 18, 2022
The GBP rose 0.31% against the USD on Friday and closed at 1.1863. Today in the European session, while GBP USD Technical Analysis July 18, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1968, which is 0.86% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1960 and a fall through could take it to the next support level of 1.1890 The pair is expected to find its first resistance at 1.1990 and a rise through could take it to the next resistance level of 1.2050. Today’s expected trading range is between 1.1808 support and 1.2095 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1960
Support 2: 1. 1890
Support 3: 1. 1808
Important resistance levels:
Resistance 1: 1.1990
Resistance 2: 1.2050
Resistance 3: 1.2095
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