GBP USD Technical Analysis May 2, 2023
The GBP declined 0.57% against the USD on Monday and closed at 1.2493. Today in the European session, while the GBP USD Technical Analysis May 2, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2472, which is 0.17% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2455 and a fall-through could take it to the next support level of 1.2440 The pair is expected to find its first resistance at 1.2510 and a rise-through could take it to the next resistance level of 1.2555. Today’s expected trading range is between 1.2390 support and 1.2580 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2455
Support 2: 1. 2440
Support 3: 1. 2390
Important resistance levels:
Resistance 1: 1.2510
Resistance 2: 1.2555
Resistance 3: 1.2580
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