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GBP USD Technical Analysis July 28, 2023

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GBP USD Technical Analysis July 28, 2023

The GBP declined 1.12% against the USD on Thursday and closed at 1.2793. Today in the European session, while the GBP USD Technical Analysis July 28, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2867, which is 0.58% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.2770 and a fall-through could take it to the next support level of 1.2615 The pair is expected to find its first resistance at 1.2880 and a rise-through could take it to the next resistance level of 1.2930. Today’s expected trading range is between 1.2675 support and 1.2995 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2770
Support 2: 1. 2615
Support 3: 1. 2675

Important resistance levels:

Resistance 1: 1.2880
Resistance 2: 1.2930
Resistance 3: 1.2995

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