GBP USD Technical Analysis April 18, 2023
The GBP declined 0.29% against the USD on Monday and closed at 1.2376. Today in the European session, while the GBP USD Technical Analysis April 18, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2438, which is 0.50% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2355 and a fall-through could take it to the next support level of 1.2345 The pair is expected to find its first resistance at 1.2440 and a rise-through could take it to the next resistance level of 1.2475. 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. 2355
Support 2: 1. 2345
Support 3: 1. 2280
Important resistance levels:
Resistance 1: 1.2440
Resistance 2: 1.2475
Resistance 3: 1.2545
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