GBP USD Technical Analysis May 2, 2022
The GBP rose 1.01% against the USD on Friday and closed at 1.2576. Today in the Asian session, while GBP USD Technical Analysis May 2, 2022, is preparing at 2:15 GMT, the GBP/USD is trading at 1.2565, which is 0.10% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2470 and a fall through could take it to the next support level of 1.2410 The pair is expected to find its first resistance at 1.2645 and a rise through could take it to the next resistance level of 1.2700. Today’s expected trading range is between 1.2410 support and 1.2770 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2470
Support 2: 1.2410
Support 3: 1.2250
Important resistance levels:
Resistance 1: 1.2645
Resistance 2: 1.2700
Resistance 3: 1.2770
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