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GBP USD Technical Analysis November 16, 2022

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GBP USD Technical Analysis November 16, 2022

The GBP rose 0.98% against the USD on Tuesday and closed at 1.1866. Today in the European session, while the GBP USD Technical Analysis November 16, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1925, which is 0.51% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.1800 and a fall through could take it to the next support level of 1.1745 The pair is expected to find its first resistance at 1.2020 and a rise through could take it to the next resistance level of 1.2100. Today’s expected trading range is between 1.1710 support and 1.2140 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 1800
Support 2: 1. 1745
Support 3: 1. 1710

Important resistance levels:

Resistance 1: 1.2020
Resistance 2: 1.2100
Resistance 3: 1.2140

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