GBP USD Technical Analysis June 19, 2023
The GBP rose 0.31% against the USD on Friday and closed at 1.2820. Today in the European session, while the GBP USD Technical Analysis June 19, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2805, which is 0.12% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2800 and a fall-through could take it to the next support level of 1.2770 The pair is expected to find its first resistance at 1.2835 and a rise-through could take it to the next resistance level of 1.2845. Today’s expected trading range is between 1.2700 support and 1.2900 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2800
Support 2: 1. 2770
Support 3: 1. 2700
Important resistance levels:
Resistance 1: 1.2835
Resistance 2: 1.2845
Resistance 3: 1.2900
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