GBP USD Technical Analysis Sep 4, 2023
The GBP declined 0.66% against the USD on Friday and closed at 1.2587. Today in the European session, while the GBP USD Technical Analysis Sep 4, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2625, which is 0.31% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2580 and a fall-through could take it to the next support level of 1.2550 The pair is expected to find its first resistance at 1.2625 and a rise-through could take it to the next resistance level of 1.2660. Today’s expected trading range is between 1.2460 support and 1.2710 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2580
Support 2: 1. 2550
Support 3: 1. 2460
Important resistance levels:
Resistance 1: 1.2625
Resistance 2: 1.2660
Resistance 3: 1.2710
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