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Technical Analysis Daily: GBP/USD |
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Technical Archives |
Written by ZIFX.com |
Jun 19 09 03:14 GMT
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Technical Analysis Daily: GBP/USD
GBP/USD 1.6384
GBP/USD Open 1.6362 High 1.6468 Low 1.6188 Close 1.6330
So far this week did not take clear direction and traded within a range. Yesterday the Cable attempted to drop to the bottom 1.6188, but further bearish scenario was rejected and the currency couple rose and closed the day higher at 1.6330. The Sterling is expected to trade still within this week's 1.6210 - 1.6485 trading range. First resistance is yesterday's top 1.6470, followed by 1.6620. Immediate support is 1.6190. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 1.6470 1.6620 1.6760
Technical support levels: 1.6190 1.6100 1.5980
Trading range: 1.6210 - 1.6485
Trend: Downward
Sell at 1.6384 SL 1.6414 TP 1.6334
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