GBP USD Technical Analysis April 19, 2023
The GBP rose 0.42% against the USD on Tuesday and closed at 1.2425. Today in the European session, while the GBP USD Technical Analysis April 19, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2418, which is 0.05% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2405 and a fall-through could take it to the next support level of 1.2380 The pair is expected to find its first resistance at 1.2470 and a rise-through could take it to the next resistance level of 1.2495. Today’s expected trading range is between 1.2355 support and 1.2545 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2405
Support 2: 1. 2380
Support 3: 1. 2355
Important resistance levels:
Resistance 1: 1.2470
Resistance 2: 1.2495
Resistance 3: 1.2545
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