GBP USD Technical Analysis March 13, 2023
The GBP rose 0.95% against the USD on Friday and closed at 1.2031. Today in the European session, while the GBP USD Technical Analysis March 13, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2100, which is 0.60% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2050 and a fall-through could take it to the next support level of 1.2020 The pair is expected to find its first resistance at 1.2140 and a rise-through could take it to the next resistance level of 1.2200. Today’s expected trading range is between 1.1935 support and 1.2060 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2050
Support 2: 1. 2020
Support 3: 1. 1935
Important resistance levels:
Resistance 1: 1.2140
Resistance 2: 1.2200
Resistance 3: 1.2260
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