GBP USD Technical Analysis April 5, 2023
The GBP rose 0.74% against the USD on Tuesday and closed at 1.2501. Today in the European session, while the GBP USD Technical Analysis April 5, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2471, which is 0.24% lower 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 1.2400 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 1.2550. Today’s expected trading range is between 1.2360 support and 1.2600 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2420
Support 2: 1. 2400
Support 3: 1. 2360
Important resistance levels:
Resistance 1: 1.2520
Resistance 2: 1.2550
Resistance 3: 1.2600
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