GBP USD Technical Analysis October 19, 2022
The GBP declined 0.32% against the USD on Tuesday and closed at 1.1318. Today in the European session, while the GBP USD Technical Analysis October 19, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1257, which is 0.55% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1245 and a fall through could take it to the next support level of 1.1215 The pair is expected to find its first resistance at 1.1350 and a rise through could take it to the next resistance level of 1.1405. Today’s expected trading range is between 1.1155 support and 1.1435 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1245
Support 2: 1. 1215
Support 3: 1. 1155
Important resistance levels:
Resistance 1: 1.1350
Resistance 2: 1.1405
Resistance 3: 1.1435
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