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GBP USD Technical Analysis February 6, 2023

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GBP USD Technical Analysis February 6, 2023

The GBP declined 1.42% against the USD on Friday and closed at 1.2050. Today in the European session, while the GBP USD Technical Analysis February 6, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2045, which is 0.04% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2025 and a fall-through could take it to the next support level of 1.1975 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 1.2260. Today’s expected trading range is between 1.1845 support and 1.2395 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2025
Support 2: 1. 1975
Support 3: 1. 1845

Important resistance levels:

Resistance 1: 1.2190
Resistance 2: 1.2260
Resistance 3: 1.2395

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