GBP USD Technical Analysis October 21, 2022
The GBP rose 0.18% against the USD on Thursday and closed at 1.1234. Today in the European session, while the GBP USD Technical Analysis October 21, 2022, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1142, which is 0.81% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1070 and a fall through could take it to the next support level of 1.1000 The pair is expected to find its first resistance at 1.1330 and a rise through could take it to the next resistance level of 1.1430. Today’s expected trading range is between 1.0930 support and 1.1490 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1070
Support 2: 1. 1000
Support 3: 1. 0930
Important resistance levels:
Resistance 1: 1.1330
Resistance 2: 1.1430
Resistance 3: 1.1490
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