Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Jul 21 08 08:41 GMT |

GBP/USD 1.9909 GBP/USD Open 1.9981 High 1.9992 Low 1.9916 Close 2.0041 The British Pound continued stepping off its 4 month top record on Friday against the US Dollar from Friday's top 1.9992 to the bottom 1.9916, which are the the first resistance and support levels respectively for the currency couple today. Today the GBP is trying to recover. If the negative trend continues, next support is expected at 1.9840, followed by 1.9770. In upward direction next resistance for today is expected at 2.0150, the break of which would lead to next target 2.0240. Technical resistance levels: 1.9990 2.0150 2.0240 Technical support levels: 1.9915 1.9840 1.9770 Trading range: 1.9895 - 1.9960 Trend: Upward Buy at 1.9909 SL 1.9879 TP 1.9949 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com