GBP USD Technical Analysis December 7, 2022
The GBP declined 0.44% against the USD on Tuesday and closed at 1.2132. Today in the European session, while the GBP USD Technical Analysis December 7, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2125, which is 0.07% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2110 and a fall through could take it to the next support level of 1.2070 The pair is expected to find its first resistance at 1.2175 and a rise through could take it to the next resistance level of 1.2265. Today’s expected trading range is between 1.1900 support and 1.2342 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2110
Support 2: 1. 2070
Support 3: 1. 1900
Important resistance levels:
Resistance 1: 1.2175
Resistance 2: 1.2265
Resistance 3: 1.2342
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