GBP USD Technical Analysis August 5, 2022
The GBP declined 0.12% against the USD on Thursday and closed at 1.2158. Today in the European session, while the GBP USD Technical Analysis August 5, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2065, which is 0.65% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2070 and a fall through could take it to the next support level of 1.2025 The pair is expected to find its first resistance at 1.2267 and a rise through could take it to the next resistance level of 1.2215. Today’s expected trading range is between 1.2000 support and 1.2290 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2070
Support 2: 1. 2025
Support 3: 1. 2000
Important resistance levels:
Resistance 1: 1.2267
Resistance 2: 1.2215
Resistance 3: 1.2290
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