Daily Technical Analysis Of GBPUSD – Tuesday, May 23

May 23, 2023 at 9:50 AM EDT

Looking at GBPUSD’s chart, we can see that the FX pair is currently traded at the rate of around $1.2426.

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 $1.2426. Today, it should be expected to be traded between its support and resistance level, i.e. between the rates of $1.24 and $1.25, until the announcement of the UK’s PMI at 11:00 (GMT+3) and the US’s PMI at 16:45 (GMT+3), which will play a vital role on the direction of the forex pair.

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AAATrade's Daily Technical Analysis of GBPUSD – 23/05/2023

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