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Technical Analysis Daily: GBP/USD |
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Technical Archives |
Written by iFOREX.bg |
Jun 10 08 08:49 GMT |
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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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