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Friday, 2 May 2008

iForex.bg

Technical Analysis Daily: GBP/USD
GBP/USD 1.9853 - May 2nd
GBP/USD Open 1.9856 High 1.9907 Low 1.9715 Close 1.9781

The British Pound is moving within the 1.9715 - 1.9900 range against the US Dollar, which are the first support and resistance levels for the currency couple today. If the negative sentiment continues, next support is expected at 1.9620, followed by 1.9430. In upward direction next resistance is expected at 1.9970, followed by 2.0050.

Technical resistance levels: 1.9900 1.9970 2.0050
Technical support levels: 1.9715 1.9620 1.9430
Trading range: 1.9865 - 1.9800
Trend: Downward
Sell at 1.9853 SL 1.9883 TP 1.9813