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GBP/USD 2.0777 - 14 November
GBP/USD Open 2.0745 High 2.0820 Low 2.0545 Close 2.0713

The Sterling renewed its upward movement against the US Dollar jumping from the the key support level 2.0530, which is a cross point of the 50% correction of the climb 1.9880 - 2.1150 and the middle term trend line. That confirmed the strenght of the upward impulse. In upward direction resistances for today are expected at 2.0770, 2.0830 and 2.0900. In downward direction supports are expected at the 38% correction of the climb 1.9880 - 2.1150, followed by 2.0665 2.0570, and the key level 2.0530.
Technical resistance levels: 2.0770 2.0830 2.0900
Technical support levels: 2.0665 2.0570 2.0530

Trading range: 2.0765 - 2.0850
Trend: Upward
Buy at 2.0777 SL 2.0747 TP 2.0837