GBP USD Technical Analysis January 16, 2023
The GBP rose 0.20% against the USD on Friday and closed at 1.2235. Today in the European session, while the GBP USD Technical Analysis January 16, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2220, which is 0.13% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2175 and a fall-through could take it to the next support level of 1.2155 The pair is expected to find its first resistance at 1.2290 and a rise-through could take it to the next resistance level of 1.2310. Today’s expected trading range is between 1.2090 support and 1.2350 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2175
Support 2: 1. 2155
Support 3: 1. 2090
Important resistance levels:
Resistance 1: 1.2290
Resistance 2: 1.2310
Resistance 3: 1.2350
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