GBP USD Technical Analysis Aug 25, 2023
The GBP declined 0.93% against the USD on Thursday and closed at 1.2598. Today in the European session, while the GBP USD Technical Analysis Aug 25, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2610, which is 0.10% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2560 and a fall-through could take it to the next support level of 1.2550 The pair is expected to find its first resistance at 1.2620 and a rise-through could take it to the next resistance level of 1.2640. Today’s expected trading range is between 1.2500 support and 1.2725 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2560
Support 2: 1. 2550
Support 3: 1. 2500
Important resistance levels:
Resistance 1: 1.2620
Resistance 2: 1.2640
Resistance 3: 1.2725
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