Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

GBP USD Technical Analysis May 2, 2023

0

GBP USD Technical Analysis May 2, 2023

The GBP declined 0.57% against the USD on Monday and closed at 1.2493. Today in the European session, while the GBP USD Technical Analysis May 2, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2472, which is 0.17% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2455 and a fall-through could take it to the next support level of 1.2440 The pair is expected to find its first resistance at 1.2510 and a rise-through could take it to the next resistance level of 1.2555. Today’s expected trading range is between 1.2390 support and 1.2580 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2455
Support 2: 1. 2440
Support 3: 1. 2390

Important resistance levels:

Resistance 1: 1.2510
Resistance 2: 1.2555
Resistance 3: 1.2580

EUR/USD Technical Analysis May 2, 2023
USD/JPY Technical Analysis May 2, 2023
USD/CAD Technical Analysis May 2, 2023

Leave A Reply

Your email address will not be published.