GBP USD Technical Analysis April 20, 2023
The GBP rose 0.11% against the USD on Wednesday and closed at 1.2437. Today in the European session, while the GBP USD Technical Analysis April 20, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2439, which is 0.02% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2415 and a fall-through could take it to the next support level of 1.2400 The pair is expected to find its first resistance at 1.2450 and a rise-through could take it to the next resistance level of 1.2470. Today’s expected trading range is between 1.2355 support and 1.2545 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2415
Support 2: 1. 2400
Support 3: 1. 2355
Important resistance levels:
Resistance 1: 1.2450
Resistance 2: 1.2470
Resistance 3: 1.2545
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