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Technical Analysis Daily: GBP/USD
GBP/USD 1.9684

GBP/USD Open 1.9564 High 1.9846 Low 1.9619 Close 1.9798
The British Pound continued its recovering against the US Dollar yesterday, reaching 1.9850, which is the first resistance for the currency couple today. For the last 4 days the Pound became with nearly 4 cents more expensive against the US Dollar. If the positive sentiment continues, next resistance is expected at 1.9850, followed by 1.9930. But today the currency couple corrected and is in neutral configuration. In downward direction first support today is expected at bottom from 21 May at 1.9620, followed by the bottom from 20 May 1.9540, and 1.9450.

Technical resistance levels: 1.9850 1.9930 2.0000
Technical support levels: 1.9620 1.9540 1.9450
Trading range: 1.9815 - 1.9750
Trend: Downward
Sell at 1.9802 SL 1.9832 TP 1.9760