GBP USD Technical Analysis June 29, 2023
The GBP declined 0.89% against the USD on Wednesday and closed at 1.2634. Today in the European session, while the GBP USD Technical Analysis June 29, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2653, which is 0.14% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2510 and a fall-through could take it to the next support level of 1.2575 The pair is expected to find its first resistance at 1.2690 and a rise-through could take it to the next resistance level of 1.2720. Today’s expected trading range is between 1.2490 support and 1.2755 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2610
Support 2: 1. 2575
Support 3: 1. 2490
Important resistance levels:
Resistance 1: 1.2690
Resistance 2: 1.2720
Resistance 3: 1.2755
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