GBP USD Technical Analysis February 8, 2023
The GBP rose 0.21% against the USD on Tuesday and closed at 1.2046. Today in the European session, while the GBP USD Technical Analysis February 8, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2090, which is 0.34% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2040 and a fall-through could take it to the next support level of 1.1970 The pair is expected to find its first resistance at 1.2100 and a rise-through could take it to the next resistance level of 1.2170. Today’s expected trading range is between 1.1900 support and 1.2260 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2040
Support 2: 1. 1970
Support 3: 1. 1900
Important resistance levels:
Resistance 1: 1.2100
Resistance 2: 1.2170
Resistance 3: 1.2260
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