GBP USD Technical Analysis May 15, 2023
The GBP declined 0.51% against the USD on Friday and closed at 1.2448. Today in the European session, while the GBP USD Technical Analysis May 15, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2506, which is 0.47% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2445 and a fall-through could take it to the next support level of 1.2435 The pair is expected to find its first resistance at 1.2535 and a rise-through could take it to the next resistance level of 1.2550. Today’s expected trading range is between 1.2355 support and 1.2560 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2445
Support 2: 1. 2435
Support 3: 1. 2355
Important resistance levels:
Resistance 1: 1.2535
Resistance 2: 1.2550
Resistance 3: 1.2560
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