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GBP/USD 2.0474 - 22 October
GBP/USD Open 2.0511 High 2.0528 Low 2.0412 Close 2.0499

The Cable also continued to climb against the US Dollar. The upward impulse is strong for the time being and is is possible to witness new records soon. The currency couple however first has to test 2.0557, than the top from the summer 2.0654, and to make eventual effort to reach 2.0700. We have support at 2.0460, followed by 2.0397 and the 21 day MA 2.0364.
Technical resistance levels: 2.0445 2.0496 2.0557
Technical support levels: 2.0460 2.0397 2.0364

Trading range: 2.0460 - 2.0545
Trend: Upward
Buy at 2.0474 SL 2.0444 TP 2.0534