GBP USD Technical Analysis May 6, 2022
The GBP declined 2.08% against the USD on Thursday and closed at 1.2361. Today in the Asian session, while GBP USD Technical Analysis May 6, 2022, is preparing at 3:15 GMT, the GBP/USD is trading at 1.2317, which is 0.36% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2260 and a fall through could take it to the next support level of 1.2200 The pair is expected to find its first resistance at 1.2410 and a rise through could take it to the next resistance level of 1.2455. Today’s expected trading range is between 1.2125 support and 1.2570 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2260
Support 2: 1.2200
Support 3: 1.2125
Important resistance levels:
Resistance 1: 1.2410
Resistance 2: 1.2455
Resistance 3: 1.2570
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