GBP USD Technical Analysis July 29, 2022
The GBP rose 0.21% against the USD on Thursday and closed at 1.2179. Today in the European session, while the GBP USD Technical Analysis July 29, 2022, is preparing at 5:00 GMT, the GBP/USD is trading at 1.2140, which is 0.33% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2125 and a fall through could take it to the next support level of 1.2105 The pair is expected to find its first resistance at 1.2245 and a rise through could take it to the next resistance level of 1.2300. Today’s expected trading range is between 1.2085 support and 1.2330 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2125
Support 2: 1. 2105
Support 3: 1. 2085
Important resistance levels:
Resistance 1: 1.2245
Resistance 2: 1.2300
Resistance 3: 1.2330
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