GBP USD Technical Analysis May 25, 2023
The GBP declined 0.41% against the USD on Wednesday and closed at 1.2365. Today in the European session, while the GBP USD Technical Analysis May 25, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2360, which is 0.05% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2335 and a fall-through could take it to the next support level of 1.2275 The pair is expected to find its first resistance at 1.2385 and a rise-through could take it to the next resistance level of 1.2410. Today’s expected trading range is between 1.2240 support and 1.2470 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2335
Support 2: 1. 2275
Support 3: 1. 2240
Important resistance levels:
Resistance 1: 1.2385
Resistance 2: 1.2410
Resistance 3: 1.2470
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