GBP USD Technical Analysis October 11, 2022
The GBP declined 0.24% against the USD on Monday and closed at 1.1054. Today in the European session, while the GBP USD Technical Analysis October 11, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1053, which is 0.02% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1130 and a fall through could take it to the next support level of 1.0920 The pair is expected to find its first resistance at 1.1095 and a rise through could take it to the next resistance level of 1.1150. Today’s expected trading range is between 1.0840 support and 1.1220 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1130
Support 2: 1. 0920
Support 3: 1. 0840
Important resistance levels:
Resistance 1: 1.1095
Resistance 2: 1.1150
Resistance 3: 1.1220
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