Daily Forex Technicals | Written by iFOREX.bg | Jul 03 08 08:44 GMT |
GBP/USD 1.9885
GBP/USD Open 1.9944 High 1.9972 Low 1.9880 Close 1.9928
The British Pound continued consolidation against the US Dollar but also descended insignificantly yesterday from yesterday's top 1.9972, down to the bottom 1.9845, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.9810, followed by 1.9750. In upward direction next resistance for today is expected at 2.0050, the break of which would lead to next target 2.0130.
Technical resistance levels: 1.9970 2.0050 2.0130
Technical support levels: 1.9880 1.9810 1.9750
Trading range: 1.9895 - 1.9835
Trend: Downward
Sell at 1.9885 SL 1.9915 TP 1.9845
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