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Technical Analysis Daily: GBP/USD
GBP/USD 1.9780 - Apr 24th

GBP/USD Open 1.9975 High 1.9969 Low 1.9727 Close 1.9799
The British Pound descended sharply yesterday against the US Dollar under its first and key resistance at 2.0000, which is 38% Fibonacci correction of the climb 1.9340 – 2.0390. Next resistance upwards is 2.0050, followed by 2.0100. The technical daily low at 1.9725 is the first supports downwards, which is also 23.4% Fibonacci correction of the descent 2.1155 – 1.9335. Next supports further down are 1.9655 and 1.9585.

Technical resistance levels: 1.9875 2.0000 2.0050
Technical support levels: 1.9725 1.9655 1.9585

Trading range: 1.9790 - 1.9720
Trend: Downward
Sell at 1.9780 SL 1.9810 TP 1.9730