GBP USD Technical Analysis January 18, 2023
The GBP rose 0.73% against the USD on Tuesday and closed at 1.2285. Today in the European session, while the GBP USD Technical Analysis January 18, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2341, which is 0.45% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2295 and a fall-through could take it to the next support level of 1.2255 The pair is expected to find its first resistance at 1.2360 and a rise-through could take it to the next resistance level of 1.2200. Today’s expected trading range is between 1.2170 support and 1.2440 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2295
Support 2: 1. 2255
Support 3: 1. 2170
Important resistance levels:
Resistance 1: 1.2360
Resistance 2: 1.2400
Resistance 3: 1.2440
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