Technical Analysis Daily: GBP/USD
GBP/USD 1.9968 - 4 April
GBP/USD Open 1.9942 High 2.0021 Low 1.9770 Close 1.9930
Resistance levels for the British pound are expected at today's top at 2.0020 and 2.0090, which are 61.8% and 75.8% correction respectively of the descent 2.0185 - 1.9730. Next resistance is expected at 2.0170. In downward direction strong support appears to be the bottom from 5 March and this week at 1.9730, followed by 1.9610, which is 75.7% correction of the climb 1.9365 - 2.0375, and the flexible level around the 1.9560 level.
Technical resistance levels: 2.0020 2.0090 2.0170
Technical support levels: 1.9730 1.9610 1.9560
Trading range: 1.9955 - 2.0030
Trend: Upward
Buy at 1.9968 SL 1.9938 TP 2.0018