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Monday 15 September 2008

iFOREX.bg

Technical Analysis Daily: GBP/USD
GBP/USD 1.8003 - Sep 15 08 08:56 GMT

GBP/USD Open 1.7934 High 1.8128 Low 1.7542 Close 1.7942
The British Pound also started climbing significantly on Friday against the US Dollar from Friday's bottom 1.7542 to today's top 1.8128, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.8200, followed by 1.8310. In downward direction next support for today is expected at 1.7450, the break of which would lead to next target 1.7365.

Technical resistance levels: 1.8130 1.8200 1.8310
Technical support levels: 1.7540 1.7450 1.7365
Trading range: 1.8015 - 1.7940

Trend: Downward
Sell at 1.8003 SL 1.8033 TP 1.7953