GBP USD Technical Analysis June 1, 2023
The GBP rose 0.25% against the USD on Wednesday and closed at 1.2442. Today in the European session, while the GBP USD Technical Analysis June 1, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2477, which is 0.28% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2345 and a fall-through could take it to the next support level of 1.2405 The pair is expected to find its first resistance at 1.2480 and a rise-through could take it to the next resistance level of 1.2500. Today’s expected trading range is between 1.2350 support and 1.2540 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2345
Support 2: 1. 2405
Support 3: 1. 2350
Important resistance levels:
Resistance 1: 1.2480
Resistance 2: 1.2500
Resistance 3: 1.2540
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