GBP USD Technical Analysis Aug 16, 2023
The GBP rose 0.16% against the USD on Tuesday and closed at 1.2703. Today in the European session, while the GBP USD Technical Analysis Aug 16, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2740, which is 0.29% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2690 and a fall-through could take it to the next support level of 1.2670 The pair is expected to find its first resistance at 1.2765 and a rise-through could take it to the next resistance level of 1.2780. Today’s expected trading range is between 1.2620 support and 1.2815 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2690
Support 2: 1. 2670
Support 3: 1. 2620
Important resistance levels:
Resistance 1: 1.2765
Resistance 2: 1.2780
Resistance 3: 1.2815
EUR/USD Technical Analysis Aug 16, 2023
USD/JPY Technical Analysis Aug 16, 2023
USD/CAD Technical Analysis Aug 16, 2023