GBP USD Technical Analysis June 16, 2023
The GBP rose 0.93% against the USD on Thursday and closed at 1.2783. Today in the European session, while the GBP USD Technical Analysis June 16, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2818, which is 0.28% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2770 and a fall-through could take it to the next support level of 1.2735 The pair is expected to find its first resistance at 1.2845 and a rise-through could take it to the next resistance level of 1.2900. Today’s expected trading range is between 1.2700 support and 1.2950 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2770
Support 2: 1. 2735
Support 3: 1. 2700
Important resistance levels:
Resistance 1: 1.2845
Resistance 2: 1.2900
Resistance 3: 1.2950
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