GBP USD Technical Analysis November 18, 2022
The GBP declined 0.44% against the USD on Thursday and closed at 1.1861. Today in the European session, while the GBP USD Technical Analysis November 18, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1922, which is 0.51% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1860 and a fall through could take it to the next support level of 1.1765 The pair is expected to find its first resistance at 1.1950 and a rise through could take it to the next resistance level of 1.2020. Today’s expected trading range is between 1.1710 support and 1.2100 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1860
Support 2: 1. 1765
Support 3: 1. 1710
Important resistance levels:
Resistance 1: 1.1950
Resistance 2: 1.2020
Resistance 3: 1.2100
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