Technical Analysis Daily: GBP/USD

GBP/USD 2.0132

GBP/USD Open 2.0069 High 2.0136 Low 1.9931 Close 2.0045

Key resistance today for the Sterling is today's top at 2.0135, which is 38% correction of the descent 2.1155 - 1.9360, which limits the upward movement for the time being. Next resistance upwards is 2.0210, followed by 2.0265, which is 49.8% correction of the above mentioned descent. In downward direction support is expected at yesterday's bottom at 1.9935, followed by 1.9820, and 1.9780.

Technical resistance levels: 2.0135 2.0210 2.0265
Technical support levels: 1.9935 1.9820 1.9780

Trading range: 2.0145 - 2.0070

Trend: Downward

Sell at 2.0132 SL 2.0162 TP 2.0082

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