GBP USD Technical Analysis October 4, 2023
The GBP declined 0.06% against the USD on Tuesday and closed at 1.2077. Today in the European session, while the GBP USD Technical Analysis October 4, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2125, which is 0.40% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2055 and a fall-through could take it to the next support level of 1.2040 The pair is expected to find its first resistance at 1.2140 and a rise-through could take it to the next resistance level of 1.2180. Today’s expected trading range is between 1.2015 support and 1.2215 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2255
Support 2: 1. 2040
Support 3: 1. 1215
Important resistance levels:
Resistance 1: 1.2140
Resistance 2: 1.2180
Resistance 3: 1.2215
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