GBP USD Technical Analysis April 17, 2023
The GBP declined 0.84% against the USD on Friday and closed at 1.2414. Today in the European session, while the GBP USD Technical Analysis April 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2406, which is 0.07% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2375 and a fall-through could take it to the next support level of 1.2350 The pair is expected to find its first resistance at 1.2425 and a rise-through could take it to the next resistance level of 1.2450. Today’s expected trading range is between 1.2280 support and 1.2545 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2375
Support 2: 1. 2350
Support 3: 1. 2280
Important resistance levels:
Resistance 1: 1.2425
Resistance 2: 1.2450
Resistance 3: 1.2545
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