GBP USD Technical Analysis February 27, 2023
The GBP declined 0.64% against the USD on Monday and closed at 1.1939. Today in the European session, while the GBP USD Technical Analysis February 27, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2020, which is 0.70% higher 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 1.2025 and a rise-through could take it to the next resistance level of 1.2040. Today’s expected trading range is between 1.1845 support and 1.2070 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 1925
Support 2: 1. 1915
Support 3: 1. 1845
Important resistance levels:
Resistance 1: 1.2025
Resistance 2: 1.2040
Resistance 3: 1.2070
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