GBP USD Technical Analysis May 16, 2022
The GBP rose 0.52% against the USD on Friday and closed at 1.2258. Today in the Asian session, while GBP USD Technical Analysis May 16, 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2237, which is 0.15% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2222 and a fall through could take it to the next support level of 1.2170 The pair is expected to find its first resistance at 1.2325 and a rise through could take it to the next resistance level of 1.2375. Today’s expected trading range is between 1.2100 support and 1.2400 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2222
Support 2: 1.2170
Support 3: 1.2100
Important resistance levels:
Resistance 1: 1.2290
Resistance 2: 1.2230
Resistance 3: 1.2400
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