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GBP USD Technical Analysis March 24, 2023

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GBP USD Technical Analysis March 24, 2023

The GBP rose 0.18% against the USD on Thursday and closed at 1.2228. Today in the European session, while the GBP USD Technical Analysis March 24, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2211, which is 0.63% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2180 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 1.2285 and a rise-through could take it to the next resistance level of 1.2335. Today’s expected trading range is between 1.2115 support and 1.2430 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2180
Support 2: 1. 2170
Support 3: 1. 2115

Important resistance levels:

Resistance 1: 1.2285
Resistance 2: 1.2335
Resistance 3: 1.2430

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