GBP USD Technical Analysis October 4, 2022
The GBP rose 1.30% against the USD on Monday and closed at 1.1323. Today in the European session, while the GBP USD Technical Analysis October 4, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1352, which is 0.25% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.1285 and a fall through could take it to the next support level of 1.1160 The pair is expected to find its first resistance at 1.1420 and a rise through could take it to the next resistance level of 1.1460. Today’s expected trading range is between 1.1090 support and 1.1500 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1285
Support 2: 1. 1160
Support 3: 1. 1090
Important resistance levels:
Resistance 1: 1.1420
Resistance 2: 1.1460
Resistance 3: 1.1500
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