GBP USD Technical Analysis March 7, 2023
The GBP declined 0.01% against the USD on Monday and closed at 1.2026. Today in the European session, while the GBP USD Technical Analysis March 7, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2014, which is 0.09% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1995 and a fall-through could take it to the next support level of 1.1965 The pair is expected to find its first resistance at 1.2050 and a rise-through could take it to the next resistance level of 1.2085. Today’s expected trading range is between 1.1925 support and 1.2145 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1995
Support 2: 1. 1965
Support 3: 1. 1925
Important resistance levels:
Resistance 1: 1.2050
Resistance 2: 1.2085
Resistance 3: 1.2145
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