GBP USD Technical Analysis March 16, 2023
The GBP declined 0.82% against the USD on Wednesday and closed at 1.2052. Today in the European session, while the GBP USD Technical Analysis March 16, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2043, which is 0.07% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2010 and a fall-through could take it to the next support level of 1.1980 The pair is expected to find its first resistance at 1.2110 and a rise-through could take it to the next resistance level of 1.2150. Today’s expected trading range is between 1.1935 support and 1.2200 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2010
Support 2: 1. 1980
Support 3: 1. 1935
Important resistance levels:
Resistance 1: 1.2110
Resistance 2: 1.2150
Resistance 3: 1.2200
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