GBP USD Technical Analysis February 28, 2023
The GBP declined 0.93% against the USD on Tuesday and closed at 1.2062. Today in the European session, while the GBP USD Technical Analysis February 28, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2107, which is 0.37% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2065 and a fall-through could take it to the next support level of 1.2030 The pair is expected to find its first resistance at 1.2110 and a rise-through could take it to the next resistance level of 1.2135. Today’s expected trading range is between 1.1925 support and 1.2145 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2065
Support 2: 1. 2030
Support 3: 1. 1925
Important resistance levels:
Resistance 1: 1.2110
Resistance 2: 1.2135
Resistance 3: 1.2145
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