GBP USD Technical Analysis February 1, 2023
The GBP declined 0.20% against the USD on Tuesday and closed at 1.2320. Today in the European session, while the GBP USD Technical Analysis February 1, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2323, which is 0.02% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2305 and a fall-through could take it to the next support level of 1.2285 The pair is expected to find its first resistance at 1.2365 and a rise-through could take it to the next resistance level of 1.2370. Today’s expected trading range is between 1.2265 support and 1.2415 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2305
Support 2: 1. 2285
Support 3: 1. 2265
Important resistance levels:
Resistance 1: 1.2335
Resistance 2: 1.2370
Resistance 3: 1.2415
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