GBP USD Technical Analysis January 19, 2023
The GBP rose 0.54% against the USD on Wednesday and closed at 1.2346. Today in the European session, while the GBP USD Technical Analysis January 19, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2336, which is 0.07% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2315 and a fall-through could take it to the next support level of 1.2300 The pair is expected to find its first resistance at 1.2347 and a rise-through could take it to the next resistance level of 1.2430. Today’s expected trading range is between 1.2255 support and 1.2500 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2315
Support 2: 1. 2300
Support 3: 1. 2255
Important resistance levels:
Resistance 1: 1.2347
Resistance 2: 1.2430
Resistance 3: 1.2500
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