GBP USD Technical Analysis 7 June 2022
The GBP rose 0.38% against the USD on Monday and closed at 1.2531. Today in the Asian session, while GBP USD Technical Analysis 31 May 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2496, which is 0.27% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2430 and a fall through could take it to the next support level of 1.2395 The pair is expected to find its first resistance at 1.2575 and a rise through could take it to the next resistance level of 1.2585. Today’s expected trading range is between 1.2330 support and 1.2585 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2430
Support 2: 1.2395
Support 3: 1.2330
Important resistance levels:
Resistance 1: 1.2575
Resistance 2: 1.2585
Resistance 3: 1.2660
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