Technical Analysis Daily: GBP/USD

GBP/USD 1.9626

GBP/USD Open 1.9702 High 1.9800 Low 1.9593 Close 1.9752

The British Pound managed to cross over 1.9800 against the US Dollar yesterday, after which collapsed down to today's bottom 1.9593, which are the first resistance and support levels respectively for the currency couple today. If the negative sentiment continues, next support is expected at 1.9425, followed by 1.9340. In upward direction next resistance level today is expected at 1.9880, followed by 1.9965.

Technical resistance levels: 1.9800 1.9880 1.9965
Technical support levels: 1.9500 1.9425 1.9340

Trading range: 1.9640 - 1.9575

Trend: Downward

Sell at 1.9626 SL 1.9656 TP 1.9586

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