iForex.bg

Technical Analysis Daily: GBP/USD
GBP/USD 1.9762 - April 10
GBP/USD Open 1.9929 High 1.9787 Low 1.9652 Close 1.9760
The British Pound also rose today against the US Dollar for the first time this week and backed away from its 6 month bottom it reached a day ago. After breaking its short term resistance at 1.9750, today resistance is expected at 1.9805, followed by 1.9925, and 2.0070. In downward direction supports are expected at the levels 1.9650, 1.9560, and 1.9480.

Technical resistance levels: 1.9805 1.9925 2.0070
Technical support levels: 1.9650 1.9560 1.9480
Trading range: 1.9750 - 1.9825
Trend: Upward
Buy at 1.9762 SL 1.9732 TP 1.9812