GBP USD Technical Analysis October 18, 2023
The GBP declined 0.19% against the USD on Tuesday and closed at 1.2182. Today in the European session, while the GBP USD Technical Analysis October 18, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2200, which is 0.15% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2160 and a fall-through could take it to the next support level of 1.2140 The pair is expected to find its first resistance at 1.2210 and a rise-through could take it to the next resistance level of 1.2220. Today’s expected trading range is between 1.2025 support and 1.2270 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2160
Support 2: 1. 2140
Support 3: 1. 2125
Important resistance levels:
Resistance 1: 1.2210
Resistance 2: 1.2220
Resistance 3: 1.2270
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