GBP USD Technical Analysis February 2, 2023
The GBP declined 0.50% against the USD on Wednesday and closed at 1.2376. Today in the European session, while the GBP USD Technical Analysis February 2, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2300, which is 0.63% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2265 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 1.2400 and a rise-through could take it to the next resistance level of 1.2415. Today’s expected trading range is between 1.2170 support and 1.2430 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2265
Support 2: 1. 2255
Support 3: 1. 2170
Important resistance levels:
Resistance 1: 1.2240
Resistance 2: 1.2415
Resistance 3: 1.2430
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