GBP USD Technical Analysis February 14, 2023
The GBP rose 0.62% against the USD on Monday and closed at 1.2138. Today in the European session, while the GBP USD Technical Analysis February 14, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2120, which is 0.67% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2135 and a fall-through could take it to the next support level of 1.2060 The pair is expected to find its first resistance at 1.2265 and a rise-through could take it to the next resistance level of 1.2300. Today’s expected trading range is between 1.2035 support and 1.2340 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2135
Support 2: 1. 2060
Support 3: 1. 2035
Important resistance levels:
Resistance 1: 1.2265
Resistance 2: 1.2300
Resistance 3: 1.2240
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