GBP USD Technical Analysis April 7, 2023
The GBP declined 0.15% against the USD on Thursday and closed at 1.2438. Today in the European session, while the GBP USD Technical Analysis April 7, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2440, which is 0.02% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2415 and a fall-through could take it to the next support level of 1.2400 The pair is expected to find its first resistance at 1.2450 and a rise-through could take it to the next resistance level of 1.2480. Today’s expected trading range is between 1.2280 support and 1.2520 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2415
Support 2: 1. 2400
Support 3: 1. 2280
Important resistance levels:
Resistance 1: 1.2450
Resistance 2: 1.2480
Resistance 3: 1.2520
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