GBP USD Technical Analysis January 17, 2023
The GBP declined 0.15% against the USD on Monday and closed at 1.2192. Today in the European session, while the GBP USD Technical Analysis January 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2215, which is 0.19% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2170 and a fall-through could take it to the next support level of 1.2150 The pair is expected to find its first resistance at 1.2230 and a rise-through could take it to the next resistance level of 1.2245. Today’s expected trading range is between 1.2090 support and 1.2285 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2170
Support 2: 1. 2150
Support 3: 1. 2090
Important resistance levels:
Resistance 1: 1.2230
Resistance 2: 1.2245
Resistance 3: 1.2285
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