GBP USD Technical Analysis Sep 26, 2023
The GBP declined 0.26% against the USD on Monday and closed at 1.2211. Today in the European session, while the GBP USD Technical Analysis Sep 26, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2185, which is 0.22% 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 1.2130 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 1.2245. Today’s expected trading range is between 1.2100 support and 1.2300 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2160
Support 2: 1. 2130
Support 3: 1. 2100
Important resistance levels:
Resistance 1: 1.2220
Resistance 2: 1.2245
Resistance 3: 1.2300
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