GBP USD Technical Analysis March 31, 2023
The GBP rose 0.62% against the USD on Thursday and closed at 1.2387. Today in the European session, while the GBP USD Technical Analysis March 31, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2380, which is 0.06% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2355 and a fall-through could take it to the next support level of 1.2325 The pair is expected to find its first resistance at 1.2420 and a rise-through could take it to the next resistance level of 1.2440. Today’s expected trading range is between 1.2220 support and 1.2500 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2355
Support 2: 1. 2325
Support 3: 1. 2285
Important resistance levels:
Resistance 1: 1.2420
Resistance 2: 1.2440
Resistance 3: 1.2500
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