GBP USD Technical Analysis December 8, 2022
The GBP rose 0.460% against the USD on Wednesday and closed at 1.2202. Today in the European session, while the GBP USD Technical Analysis December 8, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2160, which is 0.35% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2130 and a fall through could take it to the next support level of 1.2110 The pair is expected to find its first resistance at 1.2230 and a rise through could take it to the next resistance level of 1.2265. Today’s expected trading range is between 1.2070 support and 1.2342 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2130
Support 2: 1. 2110
Support 3: 1. 2070
Important resistance levels:
Resistance 1: 1.2230
Resistance 2: 1.2265
Resistance 3: 1.2342
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