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GBP/USD 1.9987 - 28 March
GBP/USD Open 2.0065 High 2.0189 Low 1.9939 Close 2.0034

The resistance for the GBP/USD at yesterday's top at 2.0190, brought the Sterling back to the key level at 2.0040, which is 38% correction of the descent 2.1155 - 1.9360. Next resistance upwards is 2.0270, which is 49.8% correction of the above mentioned descent followed by 2.0380. In downward direction support is expected at today's bottom at 1.9935, followed by 1.9820, and 1.9780.
Technical resistance levels: 2.0190 2.0270 2.0380
Technical support levels: 1.9935 1.9820 1.9780

Trading range: 2.0000 - 1.9925
Trend: Downward
Sell at 1.9987 SL 2.0017 TP 1.9937