GBP USD Technical Analysis July 18, 2023
The GBP declined 0.12% against the USD on Monday and closed at 1.3073. Today in the European session, while the GBP USD Technical Analysis July 18, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.3100, which is 0.21% higher 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 1.3110 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 Bullish
Important support levels:
Support 1: 1. 3050
Support 2: 1. 3015
Support 3: 1. 2985
Important resistance levels:
Resistance 1: 1.3110
Resistance 2: 1.3140
Resistance 3: 1.3190
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