GBP USD Technical Analysis October 20, 2022
The GBP declined 0.86% against the USD on Wednesday and closed at 1.1217. Today in the European session, while the GBP USD Technical Analysis October 20, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.12505, which is 0.11% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1155 and a fall through could take it to the next support level of 1.1110 The pair is expected to find its first resistance at 1.1240 and a rise through could take it to the next resistance level of 1.1260. Today’s expected trading range is between 1.1060 support and 1.1360 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1155
Support 2: 1. 1110
Support 3: 1. 1060
Important resistance levels:
Resistance 1: 1.1240
Resistance 2: 1.1260
Resistance 3: 1.1360
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