GBP USD Technical Analysis March 15, 2023
The GBP declined 0.24% against the USD on Tuesday and closed at 1.2154. Today in the European session, while the GBP USD Technical Analysis March 15, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2142, which is 0.10% 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 1.2100 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 Bearish
Important support levels:
Support 1: 1. 2140
Support 2: 1. 2100
Support 3: 1. 2050
Important resistance levels:
Resistance 1: 1.2200
Resistance 2: 1.2240
Resistance 3: 1.2260
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