GBP USD Technical Analysis May 31, 2023
The GBP rose 0.48% against the USD on Tuesday and closed at 1.2411. Today in the European session, while the GBP USD Technical Analysis May 31, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2363, which is 0.40% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2340 and a fall-through could take it to the next support level of 1.2320 The pair is expected to find its first resistance at 1.2425 and a rise-through could take it to the next resistance level of 1.2445. Today’s expected trading range is between 1.2310 support and 1.2470 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2340
Support 2: 1. 2320
Support 3: 1. 2310
Important resistance levels:
Resistance 1: 1.2425
Resistance 2: 1.2445
Resistance 3: 1.2470
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