GBP USD Technical Analysis January 24, 2023
The GBP declined 0.15% against the USD on Monday and closed at 1.2373. Today in the European session, while the GBP USD Technical Analysis January 24, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2310, which is 0.55% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2305 and a fall-through could take it to the next support level of 1.2255 The pair is expected to find its first resistance at 1.2410 and a rise-through could take it to the next resistance level of 1.2445. Today’s expected trading range is between 1.2245 support and 1.2500 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2305
Support 2: 1. 2255
Support 3: 1. 2245
Important resistance levels:
Resistance 1: 1.2410
Resistance 2: 1.2445
Resistance 3: 1.2500
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