GBP USD Technical Analysis October 11, 2023
The GBP rose 0.40% against the USD on Tuesday and closed at 1.2286. Today in the European session, while the GBP USD Technical Analysis October 11, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2290, which is 0.03% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2270 and a fall-through could take it to the next support level of 1.2215 The pair is expected to find its first resistance at 1.2300 and a rise-through could take it to the next resistance level of 1.2340. Today’s expected trading range is between 1.2165 support and 1.2375 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2270
Support 2: 1. 2215
Support 3: 1. 2165
Important resistance levels:
Resistance 1: 1.2300
Resistance 2: 1.2340
Resistance 3: 1.2375
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