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GBP/USD 1.9759 - 3 January
GBP/USD Open 1.9818 High 1.9891 Low 1.9732 Close 1.9802

A short term consolidation is in place for the Cable in the narrow range 1.9720 - 1.9963. Break of the first level, which is the first support for today, next target is expected at 1.9670, followed by 1.9610, which is 38.3% correction of the climb 1.9040 - 2.1145. In upward direction if the first resistance is broken at 1.9900, next resistances are expected at 1.9970 and 2.0080.
Technical resistance levels: 1.9900 1.9970 2.0080
Technical support levels: 1.9720 1.9670 1.9610

Trading range: 1.9770 - 1.9685
Trend: Downward
Sell at 1.9759 SL 1.9789 TP 1.9699