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GBP USD Technical Analysis January 6, 2023

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GBP USD Technical Analysis January 6, 2023

The GBP declined 1.22% against the USD on Thursday and closed at 1.1908. Today in the European session, while the GBP USD Technical Analysis January 6, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1856, which is 0.45% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.1725 and a fall-through could take it to the next support level of 1.1780 The pair is expected to find its first resistance at 1.1935 and a rise through could take it to the next resistance level of 1.2030. Today’s expected trading range is between 1.1900 support and 1.2080 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 1825
Support 2: 1. 1780
Support 3: 1. 1760

Important resistance levels:

Resistance 1: 1.1935
Resistance 2: 1.2030
Resistance 3: 1.2080

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