Technical analysis of GBP/USD 11/03/2023

The GBP/USD currency pair at (1D) is trading in a downward correction.

The price found support at 1.2050 (38.2% Fib) and is currently in the 1.2200 area.

If the downward correction continues to develop and the pair consolidates below the level of 1.2050, then the next support will be the area of 1.1730 (50% Fibo).

The nearest resistance is the area of level 1.2460 (MA200).


Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>