GBP USD Technical Analysis May 9, 2022
The GBP declined 0.19% against the USD on Friday and closed at 1.2335. Today in the Asian session, while GBP USD Technical Analysis May 9, 2022, is preparing at 5:15 GMT, the GBP/USD is trading at 1.2370, which is 0.53% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2270 and a fall through could take it to the next support level of 1.2220 The pair is expected to find its first resistance at 1.2325 and a rise through could take it to the next resistance level of 1.2375. Today’s expected trading range is between 1.2200 support and 1.2410 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.2270
Support 2: 1.2220
Support 3: 1.2200
Important resistance levels:
Resistance 1: 1.2325
Resistance 2: 1.2375
Resistance 3: 1.2410
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