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Technical Analysis Daily: GBP/USD
GBP/USD 1.9798 - May 26th

GBP/USD Open 1.9794 High 1.9846 Low 1.9688 Close 1.9789
The British Pound is quiet today against the US Dollar today because of the UK Spring Bank Holiday and the USA Memorial Day. The first resistance for the currency couple today is still the top from 22 May at 1.9850, whish is also 75.8% correction of the descent from 1.6015 to 1.5250. If the positive sentiment continues, next resistance is expected at 1.9930, followed by 2.0000. In downward direction first support today is expected at bottom from 22 May at 1.9690, followed by the bottom from 21 May 1.9620, and 1.9540.

Technical resistance levels: 1.9850 1.9930 2.0000
Technical support levels: 1.9690 1.9620 1.9540
Trading range: 1.9810 - 1.9745
Trend: Downward
Sell at 1.9798 SL 1.9828 TP 1.9758