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GBP/USD 2.0412 - 19 October
GBP/USD Open 2.0440 High 2.0494 Low 2.0348 Close 2.0435

The Sterling got out from its narrow consolidation and continued its trend upwards by reaching over 2.0500. If the currency couple could stay above that level, next target becomes 2.0580 before the top from July 2.0646. Returning of the trade under 2.0488 may continue to target the Pound towards the bottom range limit 2.0270.
Technical resistance levels: 2.0505 2.0580 2.0646
Technical support levels: 2.0488 2.0270 2.0044

Trading range: 2.0400 - 2.0485
Trend: Upward
Buy at 2.0412 SL 2.0382 TP 2.0472