Technical Analysis Daily: GBP/USD

GBP/USD 1.9836

GBP/USD Open 1.9944 High 1.9939 Low 1.9802 Close 1.9829

The British Pound continued consolidation against the US Dollar but also descended significantly yesterday from yesterday's top 1.9939, down to the bottom 1.9802, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.9735, followed by 1.9650. In upward direction next resistance for today is expected at 2.0020, the break of which would lead to next target 2.0100.

Technical resistance levels: 1.9940 2.0020 2.0100
Technical support levels: 1.9800 1.9735 1.9650

Trading range: 1.9850 - 1.9785

Trend: Downward

Sell at 1.9836 SL 1.9866 TP 1.9796

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