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Friday, 7 September 2007

iForex.bg

GBP/USD 2.0174 - 7 September
GBP/USD Open 2.0249 High 2.0272 Low 2.0081 Close 2.0233

Good support is 2.0064, which is 62.2% correction of the climb 1.9963-2.0228. Following is the broken top from 17 August 1.9935, after which support is the bottom from 22 August 1.9808. In upward direction resistance is the top from Friday 2.0227, after which comes the top from 9 August 2.0392. Break at the last level leads to test of the 26 year top at 2.0645.
Technical resistance levels: 2.0227 2.0392 2.0642
Technical support levels: 2.0064 1.9935 1.9808

Trading range: 2.0160 - 2.0245
Trend: Upward
Buy at 2.0174 SL 2.0144 TP 2.0234