Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Jul 23 08 08:29 GMT |

GBP/USD 1.9931 GBP/USD Open 1.9981 High 2.0076 Low 1.9898 Close 1.9923 The British Pound also descended significantly yesterday against the US Dollar from Tuesday's top 2.0076 to the bottom 1.9898, 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 1.9840, 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: 2.0075 2.0150 2.0240 Technical support levels: 1.9900 1.9840 1.9770 Trading range: 1.9945 - 1.9880 Trend: Downward Sell at 1.9931 SL 1.9961 TP 1.9891 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com