GBP USD Technical Analysis July 31, 2023
The GBP rose 0.39% against the USD on Friday and closed at 1.2845. Today in the European session, while the GBP USD Technical Analysis July 31, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2870, which is 0.20% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2770 and a fall-through could take it to the next support level of 1.2615 The pair is expected to find its first resistance at 1.2840 and a rise-through could take it to the next resistance level of 1.2810. Today’s expected trading range is between 1.2675 support and 1.2765 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2770
Support 2: 1. 2615
Support 3: 1. 2675
Important resistance levels:
Resistance 1: 1.2840
Resistance 2: 1.2810
Resistance 3: 1.2765
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