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GBP USD Technical Analysis March 6, 2023

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GBP USD Technical Analysis March 6, 2023

The GBP rose 0.83% against the USD on Friday and closed at 1.2044. Today in the European session, while the GBP USD Technical Analysis March 6, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2031, which is 0.10% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2010 and a fall-through could take it to the next support level of 1.1965 The pair is expected to find its first resistance at 1.2045 and a rise-through could take it to the next resistance level of 1.2085. Today’s expected trading range is between 1.1925 support and 1.2145 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2010
Support 2: 1. 1965
Support 3: 1. 1925

Important resistance levels:

Resistance 1: 1.2045
Resistance 2: 1.2085
Resistance 3: 1.2145

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