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Technical Analysis Daily: GBP/USD
GBP/USD 1.9575 - May 19th

GBP/USD Open 1.9564 High 1.9622 Low 1.9443 Close 1.9559
The British Pound rose significantly against the US Dollar today and and reached 1.9625, which is the first resistance for today. If the positive sentiment continues, next resistance is expected at 1.9720, followed by 1.9250. In downward direction first support today is expected at today's bottom 1.9540, followed by Friday's bottom 1.9450, and 1.9350.

Technical resistance levels: 1.9625 1.9720 1.9800
Technical support levels: 1.9540 1.9450 1.9350

Trading range: 1.9565 - 1.9635
Trend: Upward
Buy at 1.9575 SL 1.9545 TP 1.9625