GBP USD Technical Analysis October 17, 2023
The GBP rose 0.59% against the USD on Monday and closed at 1.2216. Today in the European session, while the GBP USD Technical Analysis October 17, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2163, which is 0.44% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2145 and a fall-through could take it to the next support level of 1.2125 The pair is expected to find its first resistance at 1.2220 and a rise-through could take it to the next resistance level of 1.2270. Today’s expected trading range is between 1.2040 support and 1.2330 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2145
Support 2: 1. 2125
Support 3: 1. 2040
Important resistance levels:
Resistance 1: 1.2220
Resistance 2: 1.2270
Resistance 3: 1.2330
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