Technical Analysis Daily: GBP/USD

Daily Forex Technicals | Written by iFOREX.bg | Oct 15 08 08:30 GMT |

GBP/USD 1.7431 GBP/USD Open 1.7019 High 1.7627 Low 1.7266 Close 1.7388 The British Pound recovered significantly yesterday against the US Dollar from Monday's bottom 1.7266 to Tuesday's top 1.7627, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, as we expect for the moment, next resistance for today is expected at 1.7700, the break of which would lead to next target 1.7790. In downward direction next support further down is expected at 1.7190, followed by 1.7100. Technical resistance levels: 1.7625 1.7700 1.7790 Technical support levels: 1.7265 1.7190 1.7100 Trading range: 1.7420 - 1.7485 Trend: Upward Buy at 1.7431 SL 1.7401 TP 1.7471 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com