GBP USD Technical Analysis April 4, 2023
The GBP rose 0.74% against the USD on Saturday and closed at 1.2417. Today in the European session, while the GBP USD Technical Analysis April 4, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2475, which is 0.46% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2420 and a fall-through could take it to the next support level of 1.2395 The pair is expected to find its first resistance at 1.2520 and a rise-through could take it to the next resistance level of 1.2580. Today’s expected trading range is between 1.2275 support and 1.2650 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2420
Support 2: 1. 2395
Support 3: 1. 2275
Important resistance levels:
Resistance 1: 1.2520
Resistance 2: 1.2580
Resistance 3: 1.2650
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