GBP USD Technical Analysis October 10, 2023
The GBP rose 0.30% against the USD on Monday and closed at 1.2236. Today in the European session, while the GBP USD Technical Analysis October 10, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2260, which is 0.20% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2215 and a fall-through could take it to the next support level of 1.2165 The pair is expected to find its first resistance at 1.2275 and a rise-through could take it to the next resistance level of 1.2300. Today’s expected trading range is between 1.2110 support and 1.2330 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2215
Support 2: 1. 2165
Support 3: 1. 2110
Important resistance levels:
Resistance 1: 1.2275
Resistance 2: 1.2300
Resistance 3: 1.2330
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