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Monday, 18 February 2008

iForex.bg

GBP/USD 1.9526 - 18 February
GBP/USD Open 1.9578 High 1.9719 Low 1.9582 Close 1.9605

The Sterling went down against the US Dollar today, and was limited by the first support for today at 1.9490. If broken, next support is expected at 1.9430, followed by 1.9340. In upward direction first resistance is expected at 1.9725. Successful break would lead the currency couple towards 1.9785, followed by 1.9950.
Technical resistance levels: 1.9725 1.9785 1.9950
Technical support levels: 1.9490 1.9430 1.9340

Trading range: 1.9540 - 1.9475
Trend: Downward
Sell at 1.9526 SL 1.9556 TP 1.9486