GBP USD Technical Analysis May 19, 2022
The GBP declined 1.16% against the USD on Wednesday and closed at 1.2338. Today in the Asian session, while GBP USD Technical Analysis May 19, 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2383, which is 0.37% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2332 and a fall through could take it to the next support level of 1.2290 The pair is expected to find its first resistance at 1.2455 and a rise through could take it to the next resistance level of 1.2497. Today’s expected trading range is between 1.2220 support and 1.2495 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.2332
Support 2: 1.2290
Support 3: 1.2220
Important resistance levels:
Resistance 1: 1.2400
Resistance 2: 1.2455
Resistance 3: 1.2495
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