GBP USD Technical Analysis 22nd November, 2016
Technical Analysis Overview
Prev. Close 1.2490
Day’s Range 1.2482 – 1.2513
52 wk Range 1.1450 – 1.5240
1-Year Return -17.70%
Technical Support and Resistance
Daily GBP USD Technical analysis shows that GBP/USD pair may find the immediate support at 1.2474. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2455 and 1.2436. On the other side the market has immediate resistance at 1.2512. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2531 and 1.2550.
Expected trading range for today is between 1.2482 supports and 1.2513 resistances.
Along with technical analysis following economic event are very important to analyze the financial market properly.
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Find More Technical Analysis: EUR/USD Technical Analysis