GBP USD Technical Analysis June 12, 2023
The GBP rose 0.17% against the USD on Friday and closed at 1.2580. Today in the European session, while the GBP USD Technical Analysis June 12, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2585, which is 0.04% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2565 and a fall-through could take it to the next support level of 1.2535 The pair is expected to find its first resistance at 1.2600 and a rise-through could take it to the next resistance level of 1.2635. Today’s expected trading range is between 1.2500 support and 1.2675 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2565
Support 2: 1. 2535
Support 3: 1. 2500
Important resistance levels:
Resistance 1: 1.2600
Resistance 2: 1.2635
Resistance 3: 1.2675
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