GBP USD Technical Analysis May 17, 2022
The GBP rose 0.71% against the USD on Monday and closed at 1.2315. Today in the Asian session, while GBP USD Technical Analysis May 17, 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2330, which is 0.13% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2295 and a fall through could take it to the next support level of 1.2245 The pair is expected to find its first resistance at 1.2360 and a rise through could take it to the next resistance level of 1.2400. Today’s expected trading range is between 1.2220 support and 1.2475 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2295
Support 2: 1.2245
Support 3: 1.2220
Important resistance levels:
Resistance 1: 1.2360
Resistance 2: 1.2400
Resistance 3: 1.2475
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