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GBP USD Technical Analysis Aug 17, 2023

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GBP USD Technical Analysis Aug 17, 2023

The GBP rose 0.25% against the USD on Wednesday and closed at 1.2728. Today in the European session, while the GBP USD Technical Analysis Aug 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2745, which is 0.13% 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 1.2620 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 1.2800. Today’s expected trading range is between 1.2600 support and 1.2815 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2690
Support 2: 1. 2620
Support 3: 1. 2600

Important resistance levels:

Resistance 1: 1.2765
Resistance 2: 1.2800
Resistance 3: 1.2815

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