GBP USD Technical Analysis February 9, 2023
The GBP rose 0.21% against the USD on Wednesday and closed at 1.2071. Today in the European session, while the GBP USD Technical Analysis February 9, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2151, which is 0.66% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2110 and a fall-through could take it to the next support level of 1.2040 The pair is expected to find its first resistance at 1.2155 and a rise-through could take it to the next resistance level of 1.2185. Today’s expected trading range is between 1.1965 support and 1.2260 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2110
Support 2: 1. 2040
Support 3: 1. 1965
Important resistance levels:
Resistance 1: 1.2155
Resistance 2: 1.2185
Resistance 3: 1.2260
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