GBP USD Technical Analysis June 2, 2023
The GBP rose 0.70% against the USD on Thursday and closed at 1.2525. Today in the European session, while the GBP USD Technical Analysis June 2, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2522, which is 0.02% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2480 and a fall-through could take it to the next support level of 1.2445 The pair is expected to find its first resistance at 1.2540 and a rise-through could take it to the next resistance level of 1.2570. Today’s expected trading range is between 1.2405 support and 1.2600 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2480
Support 2: 1. 2445
Support 3: 1. 2405
Important resistance levels:
Resistance 1: 1.2540
Resistance 2: 1.2570
Resistance 3: 1.2600
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