GBP USD Technical Analysis May 26, 2023
The GBP declined 0.34% against the USD on Thursday and closed at 1.2320. Today in the European session, while the GBP USD Technical Analysis May 26, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2350, which is 0.23% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2310 and a fall-through could take it to the next support level of 1.2275 The pair is expected to find its first resistance at 1.2360 and a rise-through could take it to the next resistance level of 1.2385. Today’s expected trading range is between 1.2240 support and 1.2410 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2310
Support 2: 1. 2275
Support 3: 1. 2240
Important resistance levels:
Resistance 1: 1.2360
Resistance 2: 1.2385
Resistance 3: 1.2410
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