Daily Technical Analysis Of GBPUSD – Thursday, Feb. 16

By AAATrade of AAATrade.com

Thursday, February 16, 2023 10:20 AM EST

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Spotlight on GBPUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

GBPUSD

Looking at GBPUSD’s chart, we can see that the FX pair is currently traded at the rate of around $1.2046 which is close to its resistance level of around $1.2050. If it breaks through that level today, then we should expect it to rise towards its next resistance level at around $1.2130, otherwise, it could drop towards its next support level at around $1.1990-1.20.

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AAATrade's Daily Technical Analysis of GBPUSD – 16/02/2023

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