GBP USD Technical Analysis January 9, 2023
The GBP rose 1.58% against the USD on Friday and closed at 1.2094. Today in the European session, while the GBP USD Technical Analysis January 9, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2135, which is 0.32% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2085 and a fall-through could take it to the next support level of 1.2035 The pair is expected to find its first resistance at 1.2170 and a rise through could take it to the next resistance level of 1.2030. Today’s expected trading range is between 1.1925 support and 1.2270 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2085
Support 2: 1. 2035
Support 3: 1. 1925
Important resistance levels:
Resistance 1: 1.2170
Resistance 2: 1.2230
Resistance 3: 1.2270
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