GBP USD Technical Analysis October 13, 2023
The GBP declined 1.12% against the USD on Thursday and closed at 1.2173. Today in the European session, while the GBP USD Technical Analysis October 13, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2190, which is 0.14% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2160 and a fall-through could take it to the next support level of 1.2110 The pair is expected to find its first resistance at 1.2220 and a rise-through could take it to the next resistance level of 1.2260. Today’s expected trading range is between 1.2085 support and 1.2280 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2160
Support 2: 1. 2110
Support 3: 1. 2085
Important resistance levels:
Resistance 1: 1.2220
Resistance 2: 1.2260
Resistance 3: 1.2280
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