GBP USD Technical Analysis December 5, 2022
The GBP rose 0.28% against the USD on Friday and closed at 1.2290. Today in the European session, while the GBP USD Technical Analysis December 5, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2275, which is 0.12% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2235 and a fall through could take it to the next support level of 1.2185 The pair is expected to find its first resistance at 1.2340 and a rise through could take it to the next resistance level of 1.2400. Today’s expected trading range is between 1.2140 support and 1.2450 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2235
Support 2: 1. 2185
Support 3: 1. 2140
Important resistance levels:
Resistance 1: 1.2340
Resistance 2: 1.2400
Resistance 3: 1.2450
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