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GBP USD Technical Analysis September 1, 2022

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GBP USD Technical Analysis September 1, 2022

The GBP declined 0.25% against the USD on Tuesday and closed at 1.1621. Today in the European session, while the GBP USD Technical Analysis September 1, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.1590, which is 0.27% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.1570 and a fall through could take it to the next support level of 1.1540 The pair is expected to find its first resistance at 1.1650 and a rise through could take it to the next resistance level of 1.1690. Today’s expected trading range is between 1.1500 support and 1.1760 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 1570
Support 2: 1. 1540
Support 3: 1. 1500

Important resistance levels:

Resistance 1: 1.1650
Resistance 2: 1.1690
Resistance 3: 1.1760

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