GBP USD Technical Analysis October 9, 2023
The GBP rose 0.32% against the USD on Friday and closed at 1.2232. Today in the European session, while the GBP USD Technical Analysis October 9, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2171, which is 0.50% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2220 and a fall-through could take it to the next support level of 1.2260 The pair is expected to find its first resistance at 1.2195 and a rise-through could take it to the next resistance level of 1.2215. Today’s expected trading range is between 1.2300 support and 1.2270 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2220
Support 2: 1. 2260
Support 3: 1. 2300
Important resistance levels:
Resistance 1: 1.2195
Resistance 2: 1.2215
Resistance 3: 1.2270
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