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GBP USD Technical Analysis June 21, 2023

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GBP USD Technical Analysis June 21, 2023

The GBP declined 0.17% against the USD on Tuesday and closed at 1.2763. Today in the European session, while the GBP USD Technical Analysis June 21, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2700, which is 0.48% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2695 and a fall-through could take it to the next support level of 1.2630 The pair is expected to find its first resistance at 1.2800 and a rise-through could take it to the next resistance level of 1.2830. Today’s expected trading range is between 1.2600 support and 1.2845 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2695
Support 2: 1. 2630
Support 3: 1. 2600

Important resistance levels:

Resistance 1: 1.2800
Resistance 2: 1.2830
Resistance 3: 1.2845

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