GBP USD Technical Analysis October 5, 2021
The GBP rose 0.40% against the USD on Monday and closed at 1.3607. Today in the European session, while GBP USD Technical Analysis October 5, 2021at 9:15 GMT, the GBP/USD is trading at 1.3636, which is 0.21% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3585 and a fall through could take it to the next support level of 1.3575 The pair is expected to find its first resistance at 1.3655 and a rise through could take it to the next resistance level of 1.3715. Today’s expected trading range is between 1.3535 support and 1.3725 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3585
Support 2: 1.3575
Support 3: 1.3535
Important resistance levels:
Resistance 1: 1.3655
Resistance 2: 1.3715
Resistance 3: 1.3725