GBP USD Technical Analysis October 14, 2022
The GBP rose 1.99% against the USD on Thursday and closed at 1.1325. Today in the European session, while the GBP USD Technical Analysis October 14, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1188, which is 1.22% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1170 and a fall through could take it to the next support level of 1.1130 The pair is expected to find its first resistance at 1.1370 and a rise through could take it to the next resistance level of 1.1450. Today’s expected trading range is between 1.1060 support and 1.11490 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1170
Support 2: 1. 1130
Support 3: 1. 1060
Important resistance levels:
Resistance 1: 1.1370
Resistance 2: 1.1450
Resistance 3: 1.1490
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