Daily Technical Analysis Of GBPUSD - Tuesday, Jan. 31

Jan 31, 2023 at 10:41 AM EST

Looking at GBPUSD’s chart, we can see that the FX pair hit its support level at around $1.2340 and now it is traded at around $1.2359.

Photo by Colin Watts on Unsplash

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 hit its support level at around $1.2340 and now it is traded at around $1.2359. Today we could expect the rate to test the resistance level at around $1.24, and if it is not able to pass that level, then it might retreat toward its support level.

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AAATrade's Daily Technical Analysis of GBPUSD – 31/01/2023

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