GBP USD Technical Analysis January 12, 2023
The GBP declined 0.02% against the USD on Wednesday and closed at 1.2146. Today in the European session, while the GBP USD Technical Analysis January 12, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2160, which is 0.10% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2135 and a fall-through could take it to the next support level of 1.2105 The pair is expected to find its first resistance at 1.2190 and a rise-through could take it to the next resistance level of 1.2210. Today’s expected trading range is between 1.2070 support and 1.2235 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2135
Support 2: 1. 2105
Support 3: 1. 2070
Important resistance levels:
Resistance 1: 1.2190
Resistance 2: 1.2210
Resistance 3: 1.2235
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