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GBP USD Technical Analysis January 26, 2023

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GBP USD Technical Analysis January 26, 2023

The GBP rose 0.60% against the USD on Wednesday and closed at 1.2401. Today in the European session, while the GBP USD Technical Analysis January 26, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2399, which is 0.01% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2362 and a fall-through could take it to the next support level of 1.2320 The pair is expected to find its first resistance at 1.2430 and a rise-through could take it to the next resistance level of 1.2445. Today’s expected trading range is between 1.2285 support and 1.2490 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2362
Support 2: 1. 2320
Support 3: 1. 2285

Important resistance levels:

Resistance 1: 1.2430
Resistance 2: 1.2445
Resistance 3: 1.2490

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