Technical Analysis Daily: GBP/USD

GBP/USD 1.9516

GBP/USD Open 1.9713 High 1.9620 Low 1.9499 Close 1.9538

The British Pound continued bouncing against the US Dollar at the 1.9500 level downwards, which is the first and apparently good support level for the currency couple today. If the negative sentiment continues, next support is expected at 1.9410, followed by 1.9330. In upward direction first resistance is expected at 1.9600, followed by 1.9720, and 1.9780.

Technical resistance levels: 1.9600 1.9720 1.9780
Technical support levels: 1.9500 1.9410 1.9330

Trading range: 1.9505 - 1.9570

Trend: Upward

Buy at 1.9516 SL 1.9486 TP 1.9556

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