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GBP USD Technical Analysis March 8, 2023

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GBP USD Technical Analysis March 8, 2023

The GBP declined 1.62% against the USD on Tuesday and closed at 1.1826. Today in the European session, while the GBP USD Technical Analysis March 8, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.1840, which is 0.11% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.1995 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 1.1810 and a rise-through could take it to the next resistance level of 1.1740. Today’s expected trading range is between 1.1925 support and 1.1650 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 1995
Support 2: 1. 1965
Support 3: 1. 1925

Important resistance levels:

Resistance 1: 1.1810
Resistance 2: 1.1740
Resistance 3: 1.1650

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