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GBP USD Technical Analysis October 2, 2023

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GBP USD Technical Analysis October 2, 2023

The GBP rose 0.02% against the USD on Friday and closed at 1.2202. Today in the European session, while the GBP USD Technical Analysis October 2, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2163, which is 0.31% lower 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 1.2120 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 1.2180. Today’s expected trading range is between 1.2110 support and 1.2120 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2160
Support 2: 1. 2120
Support 3: 1. 2110

Important resistance levels:

Resistance 1: 1.2220
Resistance 2: 1.2180
Resistance 3: 1.2120

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