GBP USD Technical Analysis May 23, 2023
The GBP declined 0.07% against the USD on Tuesday and closed at 1.2437. Today in the European session, while the GBP USD Technical Analysis May 23, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2381, which is 0.45% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2370 and a fall-through could take it to the next support level of 1.2350 The pair is expected to find its first resistance at 1.2440 and a rise-through could take it to the next resistance level of 1.2470. Today’s expected trading range is between 1.2275 support and 1.2480 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2370
Support 2: 1. 2350
Support 3: 1. 2275
Important resistance levels:
Resistance 1: 1.2440
Resistance 2: 1.2470
Resistance 3: 1.2480
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