GBP USD Technical Analysis May 20, 2022
The GBP rose 1.01% against the USD on Thursday and closed at 1.2465. Today in the Asian session, while GBP USD Technical Analysis May 20, 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2444, which is 0.16% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2435 and a fall through could take it to the next support level of 1.2335 The pair is expected to find its first resistance at 1.2520 and a rise through could take it to the next resistance level of 1.2550. Today’s expected trading range is between 1.2290 support and 1.2630 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2435
Support 2: 1.2335
Support 3: 1.2290
Important resistance levels:
Resistance 1: 1.2520
Resistance 2: 1.2550
Resistance 3: 1.2630
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