Google

Thursday, 17 April 2008

iForex.bg

Technical Analysis Daily: GBP/USD
GBP/USD 1.9710 - April 17th

GBP/USD Open 1.9619 High 1.9803 Low 1.9599 Close 1.9719
The current support for the Pound against the US Dollar at 1.9600 pushed it sharply upwards. Next support downwards is expected at 1.9540, followed by 1.9480. In upward direction resistance is yesterday's top at 1.9800, and if broken, next targets ahead are expected at 1.9880, and 1.9950.

Technical resistance levels: 1.9800 1.9880 1.9950
Technical support levels: 1.9600 1.9540 1.9480
Trading range: 1.9700 - 1.9770
Trend: Upward
Buy at 1.9710 SL 1.9680 TP 1.9760