GBP USD Technical Analysis July 21, 2023
The GBP declined 0.52% against the USD on Thursday and closed at 1.2866. Today in the European session, while the GBP USD Technical Analysis July 21, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2830, which is 0.27% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2815 and a fall-through could take it to the next support level of 1.2750 The pair is expected to find its first resistance at 1.2900 and a rise-through could take it to the next resistance level of 1.2960. Today’s expected trading range is between 1.2730 support and 1.3030 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2815
Support 2: 1. 2750
Support 3: 1. 2730
Important resistance levels:
Resistance 1: 1.2900
Resistance 2: 1.2960
Resistance 3: 1.3030
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