GBP USD Technical Analysis May 29, 2023
The GBP rose 0.22% against the USD on Friday and closed at 1.2350. Today in the European session, while the GBP USD Technical Analysis May 29, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2347, which is 0.02% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2325 and a fall-through could take it to the next support level of 1.2310 The pair is expected to find its first resistance at 1.2370 and a rise-through could take it to the next resistance level of 1.2390. Today’s expected trading range is between 1.2275 support and 1.2470 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2325
Support 2: 1. 2310
Support 3: 1. 2275
Important resistance levels:
Resistance 1: 1.2370
Resistance 2: 1.2390
Resistance 3: 1.2470
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