GBP USD Technical Analysis July 20, 2023
The GBP declined 0.76% against the USD on Wednesday and closed at 1.2938. Today in the European session, while the GBP USD Technical Analysis July 20, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2896, which is 0.32% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2870 and a fall-through could take it to the next support level of 1.2850 The pair is expected to find its first resistance at 1.2960 and a rise-through could take it to the next resistance level of 1.3030. Today’s expected trading range is between 1.2750 support and 1.3050 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2870
Support 2: 1. 2850
Support 3: 1. 2750
Important resistance levels:
Resistance 1: 1.2960
Resistance 2: 1.3030
Resistance 3: 1.3050
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