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GBP USD Technical Analysis March 14, 2023

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GBP USD Technical Analysis March 14, 2023

The GBP rose 0.81% against the USD on Monday and closed at 1.2183. Today in the European session, while the GBP USD Technical Analysis March 14, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2171, which is 0.08% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2140 and a fall-through could take it to the next support level of 1.2085 The pair is expected to find its first resistance at 1.2200 and a rise-through could take it to the next resistance level of 1.2240. Today’s expected trading range is between 1.2050 support and 1.2260 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2140
Support 2: 1. 2085
Support 3: 1. 2050

Important resistance levels:

Resistance 1: 1.2200
Resistance 2: 1.2240
Resistance 3: 1.2260

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