GBP USD Technical Analysis October 5, 2023
The GBP rose 0.49% against the USD on Wednesday and closed at 1.2136. Today in the European session, while the GBP USD Technical Analysis October 5, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2141, which is 0.04% higher than the USD from yesterday’s close.
The pair is expected to find support at 1.2115 and a fall-through could take it to the next support level of 1.2055 The pair is expected to find its first resistance at 1.2170 and a rise-through could take it to the next resistance level of 1.2215. Today’s expected trading range is between 1.2140 support and 1.2270 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1. 2115
Support 2: 1. 2055
Support 3: 1. 2040
Important resistance levels:
Resistance 1: 1.2170
Resistance 2: 1.2215
Resistance 3: 1.2270
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