GBP USD Technical Analysis July 1, 2022
The GBP rose 0.45% against the USD on Thursday and closed at 1.2176. Today in the European session, while GBP USD Technical Analysis 31 May 2022, is preparing at 11:15 GMT, the GBP/USD is trading at 1.2057, which is 0.99% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2050 and a fall through could take it to the next support level of 1.2030 The pair is expected to find its first resistance at 1.2120 and a rise through could take it to the next resistance level of 1.2150. Today’s expected trading range is between 1.1990 support and 1.2187 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2050
Support 2: 1. 2030
Support 3: 1. 1990
Important resistance levels:
Resistance 1: 1.2120
Resistance 2: 1.2150
Resistance 3: 1.2187
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