GBP USD Technical Analysis February 3, 2023
The GBP declined 1.22% against the USD on Thursday and closed at 1.2223. Today in the European session, while the GBP USD Technical Analysis February 3, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2252, which is 0.23% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2185 and a fall-through could take it to the next support level of 1.2170 The pair is expected to find its first resistance at 1.2280 and a rise-through could take it to the next resistance level of 1.2340. Today’s expected trading range is between 1.2100 support and 1.2395 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2185
Support 2: 1. 2170
Support 3: 1. 2100
Important resistance levels:
Resistance 1: 1.2280
Resistance 2: 1.2340
Resistance 3: 1.2395
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