GBP USD Technical Analysis April 11, 2023
The GBP declined 0.25% against the USD on Monday and closed at 1.2382. Today in the European session, while the GBP USD Technical Analysis April 11, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2433, which is 0.40% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2390 and a fall-through could take it to the next support level of 1.2350 The pair is expected to find its first resistance at 1.2445 and a rise-through could take it to the next resistance level of 1.2485. Today’s expected trading range is between 1.2280 support and 1.2520 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2390
Support 2: 1. 2350
Support 3: 1. 2280
Important resistance levels:
Resistance 1: 1.2445
Resistance 2: 1.2485
Resistance 3: 1.2520
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