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GBP USD Technical Analysis Sep 28, 2023

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GBP USD Technical Analysis Sep 28, 2023

The GBP declined 0.19% against the USD on Wednesday and closed at 1.2134. Today in the European session, while the GBP USD Technical Analysis Sep 28, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2190, which is 0.45% higher than the USD from yesterday’s close.

The pair is expected to find support at 1.2110 and a fall-through could take it to the next support level of 1.2080 The pair is expected to find its first resistance at 1.2195 and a rise-through could take it to the next resistance level of 1.2215. Today’s expected trading range is between 1.2015 support and 1.2245 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1. 2110
Support 2: 1. 2080
Support 3: 1. 2015

Important resistance levels:

Resistance 1: 1.2195
Resistance 2: 1.2215
Resistance 3: 1.2245

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