GBP USD Technical Analysis June 14, 2023
The GBP declined 0.80% against the USD on Tuesday and closed at 1.2610. Today in the European session, while the GBP USD Technical Analysis June 14, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2663, which is 0.43% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2600 and a fall-through could take it to the next support level of 1.2535 The pair is expected to find its first resistance at 1.2675 and a rise-through could take it to the next resistance level of 1.2700. Today’s expected trading range is between 1.2490 support and 1.2750 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2600
Support 2: 1. 2535
Support 3: 1. 2490
Important resistance levels:
Resistance 1: 1.2675
Resistance 2: 1.2700
Resistance 3: 1.2750
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