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GBP USD Technical Analysis Sep 29, 2023

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GBP USD Technical Analysis Sep 29, 2023

The GBP rose 0.58% against the USD on Thursday and closed at 1.2203. Today in the European session, while the GBP USD Technical Analysis Sep 29, 2023, is prepared at 5:00 GMT, the GBP/USD is trading at 1.2263, which is 0.5% 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 1.2220 and a rise-through could take it to the next resistance level of 1.2280. Today’s expected trading range is between 1.2015 support and 1.2320 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: 1.2220
Resistance 2: 1.2280
Resistance 3: 1.2320

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