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GBP USD Technical Analysis August 17, 2022

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GBP USD Technical Analysis August 17, 2022

The GBP rose 0.32% against the USD on Tuesday and closed at 1.2092. Today in the European session, while the GBP USD Technical Analysis August 17, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2082, which is 0.08% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2080 and a fall through could take it to the next support level of 1.2065 The pair is expected to find its first resistance at 1.2140 and a rise through could take it to the next resistance level of 1.2180. Today’s expected trading range is between 1.2010 support and 1.2215 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2080
Support 2: 1. 2065
Support 3: 1. 2010

Important resistance levels:

Resistance 1: 1.2140
Resistance 2: 1.2180
Resistance 3: 1.2215

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