GBP USD Technical Analysis March 1, 2023
The GBP declined 0.27% against the USD on Wednesday and closed at 1.2021. Today in the European session, while the GBP USD Technical Analysis March 1, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2045, which is 0.20% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2015 and a fall-through could take it to the next support level of 1.1980 The pair is expected to find its first resistance at 1.2085 and a rise-through could take it to the next resistance level of 1.2100. Today’s expected trading range is between 1.1925 support and 1.2145 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2015
Support 2: 1. 1980
Support 3: 1. 1925
Important resistance levels:
Resistance 1: 1.2085
Resistance 2: 1.2100
Resistance 3: 1.2145
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