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GBP USD Technical Analysis October 3, 2023

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GBP USD Technical Analysis October 3, 2023

The GBP declined 0.89% against the USD on Monday and closed at 1.2087. Today in the European session, while the GBP USD Technical Analysis October 3, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2075, which is 0.10% lower than the USD from yesterday’s close.

The pair is expected to find support at 1.2020 and a fall-through could take it to the next support level of 1.2000 The pair is expected to find its first resistance at 1.2100 and a rise-through could take it to the next resistance level of 1.2130. Today’s expected trading range is between 1.1920 support and 1.2180 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1. 2220
Support 2: 1. 2000
Support 3: 1. 1920

Important resistance levels:

Resistance 1: 1.2100
Resistance 2: 1.2130
Resistance 3: 1.2180

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