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GBP USD Technical Analysis January 5, 2023

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GBP USD Technical Analysis January 5, 2023

The GBP rose 0.77% against the USD on Thursday and closed at 1.2053. Today in the European session, while the GBP USD Technical Analysis January 5, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2011, which is 0.35% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.1975 and a fall-through could take it to the next support level of 1.1960 The pair is expected to find its first resistance at 1.2035 and a rise through could take it to the next resistance level of 1.2075. Today’s expected trading range is between 1.1900 support and 1.2100 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 1975
Support 2: 1. 1960
Support 3: 1. 1900

Important resistance levels:

Resistance 1: 1.2035
Resistance 2: 1.2075
Resistance 3: 1.2100

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