GBP USD Technical Analysis May 30, 2023
The GBP rose 0.12% against the USD on Monday and closed at 1.2355. Today in the European session, while the GBP USD Technical Analysis May 30, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2427, which is 0.57% higher 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 1.2330. Today’s expected trading range is between 1.2275 support and 1.2310 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2370
Support 2: 1. 2320
Support 3: 1. 2310
Important resistance levels:
Resistance 1: 1.2370
Resistance 2: 1.2390
Resistance 3: 1.2470
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