Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Jul 28 08 08:43 GMT |

GBP/USD 1.9842 GBP/USD Open 1.9911 High 1.9976 Low 1.9840 Close 1.9883 The British Pound also climbed insignificantly on Friday against the US Dollar from Friday's bottom 1.9840 to the top 1.9976, which are the the first support and resistance levels respectively for the currency couple today. Today the GBP/USD appears to be moving neutrally within a range. If the positive trend continues, next resistance is expected at 2.0110, followed by 2.0200. In downward direction next support for today is expected at 1.9770, the break of which would lead to next target 1.9700. Technical resistance levels: 1.9975 2.0110 2.0200 Technical support levels: 1.9840 1.9770 1.9700 Trading range: 1.9830 - 1.9905 Trend: Upward Buy at 1.9842 SL 1.9812 TP 1.9892 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com