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GBP USD Technical Analysis May 4, 2022

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GBP USD Technical Analysis May 4, 2022

The GBP rose 0.06% against the USD on Tuesday and closed at 1.2497. Today in the Asian session, while GBP USD Technical Analysis May 4, 2022, is preparing at 3:15 GMT, the GBP/USD is trading at 1.2525, which is 0.23% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.2470 and a fall through could take it to the next support level of 1.2415 The pair is expected to find its first resistance at 1.2565 and a rise through could take it to the next resistance level of 1.2585. Today’s expected trading range is between 1.2350 support and 1.2610 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.2470
Support 2: 1.2415
Support 3: 1.2350

Important resistance levels:

Resistance 1: 1.2565
Resistance 2: 1.2585
Resistance 3: 1.2610

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