GBP USD Technical Analysis October 20, 2023
The GBP declined 0.01% against the USD on Thursday and closed at 1.2140. Today in the European session, while the GBP USD Technical Analysis October 20, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2125, which is 0.13% lower than the USD from yesterday’s close.
The pair is expected to find support at 1.2095 and a fall-through could take it to the next support level of 1.2040 The pair is expected to find its first resistance at 1.2140 and a rise-through could take it to the next resistance level of 1.2190. Today’s expected trading range is between 1.2000 support and 1.2220 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1. 2095
Support 2: 1. 2040
Support 3: 1. 2000
Important resistance levels:
Resistance 1: 1.2140
Resistance 2: 1.2190
Resistance 3: 1.2220
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