GBP USD Technical Analysis May 18, 2022
The GBP rose 1.38% against the USD on Tuesday and closed at 1.2490. Today in the Asian session, while GBP USD Technical Analysis May 18, 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2507, which is 0.67% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2370 and a fall through could take it to the next support level of 1.2320 The pair is expected to find its first resistance at 1.2455 and a rise through could take it to the next resistance level of 1.2497. Today’s expected trading range is between 1.2320 support and 1.2550 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2370
Support 2: 1.2320
Support 3: 1.2290
Important resistance levels:
Resistance 1: 1.2455
Resistance 2: 1.2497
Resistance 3: 1.2550
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