GBP USD Technical Analysis May 10, 2023
The GBP rose 0.05% against the USD on Tuesday and closed at 1.2621. Today in the European session, while the GBP USD Technical Analysis May 10, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2608, which is 0.10% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2580 and a fall-through could take it to the next support level of 1.2560 The pair is expected to find its first resistance at 1.2640 and a rise-through could take it to the next resistance level of 1.2665. Today’s expected trading range is between 1.2550 support and 1.2700 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2580
Support 2: 1. 2560
Support 3: 1. 2550
Important resistance levels:
Resistance 1: 1.2640
Resistance 2: 1.2665
Resistance 3: 1.2700
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