GBP USD Technical Analysis February 16, 2023
The GBP declined 1.13% against the USD on Wednesday and closed at 1.2027. Today in the European session, while the GBP USD Technical Analysis February 16, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2000, which is 0.18% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1965 and a fall-through could take it to the next support level of 1.1930 The pair is expected to find its first resistance at 1.2070 and a rise-through could take it to the next resistance level of 1.2120. Today’s expected trading range is between 1.1845 support and 1.2265 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1965
Support 2: 1. 1930
Support 3: 1. 1845
Important resistance levels:
Resistance 1: 1.2070
Resistance 2: 1.2120
Resistance 3: 1.2265
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