GBP USD Technical Analysis January 3, 2023
The GBP declined 0.31% against the USD on Tuesday and closed at 1.2040. Today in the European session, while the GBP USD Technical Analysis January 3, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1931, which is 0.90% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.1900 and a fall-through could take it to the next support level of 1.1780 The pair is expected to find its first resistance at 1.2000 and a rise through could take it to the next resistance level of 1.2025. Today’s expected trading range is between 1.1760 support and 1.2080 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 1900
Support 2: 1. 1780
Support 3: 1. 1760
Important resistance levels:
Resistance 1: 1.2000
Resistance 2: 1.2025
Resistance 3: 1.2080
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