Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

GBP USD Technical Analysis Aug 18, 2023

0

GBP USD Technical Analysis Aug 18, 2023

The GBP rose 0.18% against the USD on Thursday and closed at 1.2745. Today in the European session, while the GBP USD Technical Analysis Aug 18, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2708, which is 0.27% lower 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 1.2740 and a rise-through could take it to the next resistance level of 1.2785. 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: 1.2740
Resistance 2: 1.2785
Resistance 3: 1.2815

EUR/USD Technical Analysis Aug 18, 2023
USD/JPY Technical Analysis Aug 18, 2023
USD/CAD Technical Analysis Aug 18, 2023

Leave A Reply

Your email address will not be published.