Technical Analysis Daily: GBP/USD

GBP/USD 1.9498

GBP/USD Open 1.9713 High 1.9570 Low 1.9461 Close 1.9519

The British Pound overcame the key level 1.9500 downwards against the US Dollar at the 1.9500 level downwards, but was stopped at 1.9445, which is currently the first support level for the currency couple and bounced. If the negative sentiment continues, next support is expected at 1.9380, followed by 1.9330. In upward direction first resistance is expected at 1.9560, followed by 1.9620, and 1.9700.

Technical resistance levels: 1.9560 1.9620 1.9700
Technical support levels: 1.9445 1.9380 1.9330

Trading range: 1.9485 - 1.9570

Trend: Upward

Buy at 1.9498 SL 1.9468 TP 1.9558

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