GBP USD Technical Analysis May 3, 2022
The GBP rose 0.71% against the USD on Monday and closed at 1.2491. Today in the Asian session, while GBP USD Technical Analysis May 3, 2022, is preparing at 3:15 GMT, the GBP/USD is trading at 1.2513, which is 0.17% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2475 and a fall through could take it to the next support level of 1.2445 The pair is expected to find its first resistance at 1.26540 and a rise through could take it to the next resistance level of 1.2580. Today’s expected trading range is between 1.2410 support and 1.2615 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2475
Support 2: 1.2445
Support 3: 1.2410
Important resistance levels:
Resistance 1: 1.2540
Resistance 2: 1.2580
Resistance 3: 1.2615
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