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.

Freepik

GBPUSD

Looking at GBPUSD’s chart, we can see that the FX pair is traded close to its resistance level at around $1.2085. Today, if it manages to rise above the level of $1.21, then we could expect to see it rising towards its next resistance level which is located at around the rate of $1.2140. If it fails to pass the level of $1.21, then we should expect it to drop back towards its support level at around $1.2025.

Chart: AAATrade Market Research Department.

More By This Author:

Daily Technical Analysis Of XAUUSD - Wednesday, March 15
Technical Analysis Of Oracle Corporation
Daily Technical Analysis Of USDJPY - Tuesday, March 14