GBP USD Technical Analysis October 25, 2022
The GBP declined 0.95% against the USD on Monday and closed at 1.1277. Today in the European session, while the GBP USD Technical Analysis October 25, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1315, which is 0.33% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1270 and a fall through could take it to the next support level of 1.1220 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 1.1405. Today’s expected trading range is between 1.1180 support and 1.1437 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1270
Support 2: 1. 1220
Support 3: 1. 1180
Important resistance levels:
Resistance 1: 1.1370
Resistance 2: 1.1405
Resistance 3: 1.1437
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