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GBP USD Technical Analysis October 23, 2023

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GBP USD Technical Analysis October 23, 2023

The GBP rose 0.19% against the USD on Friday and closed at 1.2162. Today in the European session, while the GBP USD Technical Analysis October 23, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2145, which is 0.14% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2140 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 1.2185 and a rise-through could take it to the next resistance level of 1.2210. Today’s expected trading range is between 1.2095 support and 1.2260 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2140
Support 2: 1. 2110
Support 3: 1. 2095

Important resistance levels:

Resistance 1: 1.2185
Resistance 2: 1.2210
Resistance 3: 1.2260

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