GBP USD Technical Analysis March 21, 2023
The GBP rose 0.73% against the USD on Monday and closed at 1.2275. Today in the European session, while the GBP USD Technical Analysis March 21, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2235, which is 0.31% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2200 and a fall-through could take it to the next support level of 1.2170 The pair is expected to find its first resistance at 1.2280 and a rise-through could take it to the next resistance level of 1.2315. Today’s expected trading range is between 1.2115 support and 1.2395 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2200
Support 2: 1. 2170
Support 3: 1. 2115
Important resistance levels:
Resistance 1: 1.2280
Resistance 2: 1.2315
Resistance 3: 1.2395
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