GBP USD Technical Analysis March 17, 2023
The GBP rose 0.50% against the USD on Thursday and closed at 1.2110. Today in the European session, while the GBP USD Technical Analysis March 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2130, which is 0.16% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2100 and a fall-through could take it to the next support level of 1.2030 The pair is expected to find its first resistance at 1.2175 and a rise-through could take it to the next resistance level of 1.2200. Today’s expected trading range is between 1.2000 support and 1.2260 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2100
Support 2: 1. 2030
Support 3: 1. 2000
Important resistance levels:
Resistance 1: 1.2175
Resistance 2: 1.2200
Resistance 3: 1.2260
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