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GBP USD Technical Analysis Aug 9, 2023

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GBP USD Technical Analysis Aug 9, 2023

The GBP declined 0.22% against the USD on Tuesday and closed at 1.2747. Today in the European session, while the GBP USD Technical Analysis Aug 9, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2741, which is 0.04% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2735 and a fall-through could take it to the next support level of 1.2690 The pair is expected to find its first resistance at 1.2780 and a rise-through could take it to the next resistance level of 1.2800. Today’s expected trading range is between 1.2625 support and 1.2835 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2735
Support 2: 1. 2690
Support 3: 1. 2625

Important resistance levels:

Resistance 1: 1.2780
Resistance 2: 1.2800
Resistance 3: 1.2835

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