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GBP USD Technical Analysis March 20, 2023

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GBP USD Technical Analysis March 20, 2023

The GBP rose 0.55% against the USD on Friday and closed at 1.2176. Today in the European session, while the GBP USD Technical Analysis March 20, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2255, which is 0.65% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.2200 and a fall-through could take it to the next support level of 1.2170 The pair is expected to find its first resistance at 1.2260 and a rise-through could take it to the next resistance level of 1.2270. Today’s expected trading range is between 1.2115 support and 1.2320 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2200
Support 2: 1. 2170
Support 3: 1. 2115

Important resistance levels:

Resistance 1: 1.2260
Resistance 2: 1.2270
Resistance 3: 1.2320

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