GBP USD Technical Analysis May 5, 2022
The GBP rose 1.01% against the USD on Wednesday and closed at 1.2625. Today in the Asian session, while GBP USD Technical Analysis May 5, 2022, is preparing at 3:15 GMT, the GBP/USD is trading at 1.2604, which is 0.17% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2575 and a fall through could take it to the next support level of 1.2555 The pair is expected to find its first resistance at 1.2640 and a rise through could take it to the next resistance level of 1.2700. Today’s expected trading range is between 1.2450 support and 1.2700 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2575
Support 2: 1.2555
Support 3: 1.2450
Important resistance levels:
Resistance 1: 1.2640
Resistance 2: 1.2700
Resistance 3: 1.2770
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