GBP USD Technical Analysis May 24, 2023
The GBP declined 0.15% against the USD on Wednesday and closed at 1.2415. Today in the European session, while the GBP USD Technical Analysis May 24, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2391, which is 0.19% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2365 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 1.2470 and a rise-through could take it to the next resistance level of 1.2480. Today’s expected trading range is between 1.2275 support and 1.2500 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2365
Support 2: 1. 2350
Support 3: 1. 2275
Important resistance levels:
Resistance 1: 1.2470
Resistance 2: 1.2480
Resistance 3: 1.2500
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