GBP USD Technical Analysis January 23, 2023
The GBP rose 0.09% against the USD on Friday and closed at 1.2399. Today in the European session, while the GBP USD Technical Analysis January 23, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2360, which is 0.31% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2340 and a fall-through could take it to the next support level of 1.2315 The pair is expected to find its first resistance at 1.2445 and a rise-through could take it to the next resistance level of 1.2500. Today’s expected trading range is between 1.2255 support and 1.2585 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2340
Support 2: 1. 2315
Support 3: 1. 2255
Important resistance levels:
Resistance 1: 1.2445
Resistance 2: 1.2500
Resistance 3: 1.2585
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