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GBP USD Technical Analysis January 25, 2023

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GBP USD Technical Analysis January 25, 2023

The GBP declined 0.35% against the USD on Tuesday and closed at 1.2333. Today in the European session, while the GBP USD Technical Analysis January 25, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2298, which is 0.27% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2265 and a fall-through could take it to the next support level of 1.2255 The pair is expected to find its first resistance at 1.2337 and a rise-through could take it to the next resistance level of 1.2410. Today’s expected trading range is between 1.2170 support and 1.2445 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2265
Support 2: 1. 2255
Support 3: 1. 2170

Important resistance levels:

Resistance 1: 1.2337
Resistance 2: 1.2410
Resistance 3: 1.2445

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