GBP USD Technical Analysis January 31, 2023
The GBP declined 0.89% against the USD on Monday and closed at 1.2351. Today in the European session, while the GBP USD Technical Analysis January 31, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2315, which is 0.30% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2310 and a fall-through could take it to the next support level of 1.2285 The pair is expected to find its first resistance at 1.2270 and a rise-through could take it to the next resistance level of 1.2400. Today’s expected trading range is between 1.2265 support and 1.2415 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2310
Support 2: 1. 2285
Support 3: 1. 2265
Important resistance levels:
Resistance 1: 1.2370
Resistance 2: 1.2400
Resistance 3: 1.2415
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