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GBP USD Technical Analysis August 2, 2022

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GBP USD Technical Analysis August 2, 2022

The GBP rose 0.62% against the USD on Monday and closed at 1.2249. Today in the European session, while the GBP USD Technical Analysis August 2, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2222, which is 0.22% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2187 and a fall through could take it to the next support level of 1.2170 The pair is expected to find its first resistance at 1.2275 and a rise through could take it to the next resistance level of 1.2290. Today’s expected trading range is between 1.2065 support and 1.2330 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2187
Support 2: 1. 2170
Support 3: 1. 2065

Important resistance levels:

Resistance 1: 1.2275
Resistance 2: 1.2290
Resistance 3: 1.2330

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