GBP USD Technical Analysis February 17, 2023
The GBP declined 0.26% against the USD on Thursday and closed at 1.1994. Today in the European session, while the GBP USD Technical Analysis February 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1985, which is 0.10% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1920 and a fall-through could take it to the next support level of 1.1900 The pair is expected to find its first resistance at 1.2000 and a rise-through could take it to the next resistance level of 1.2055. Today’s expected trading range is between 1.1845 support and 1.2070 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1920
Support 2: 1. 1900
Support 3: 1. 1845
Important resistance levels:
Resistance 1: 1.2000
Resistance 2: 1.2055
Resistance 3: 1.2070
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