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Technical Analysis Daily: GBP/USD
GBP/USD 1.9885 - Jul 24 08 08:39 GMT

GBP/USD Open 1.9981 High 2.0027 Low 1.9829 Close 1.9989
The British Pound also descended significantly against the US Dollar from yesterday's top 2.0027 to today's bottom 1.9829, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.9770, followed by 1.9700. In upward direction next resistance for today is expected at 2.0110, the break of which would lead to next target 2.0200.

Technical resistance levels: 2.0030 2.0110 2.0200
Technical support levels: 1.9830 1.9770 1.9700

Trading range: 1.9895 - 1.9825
Trend: Downward
Sell at 1.9885 SL 1.9915 TP 1.9835