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GBP/USD 1.8624 - 20 August
The British Pound climbed significantly yesterday against the US Dollar from Tuesday's bottom 1.8543 to today's top 1.8684, which are the the first support and resistance levels respectively for the currency couple today. If, however, the negative trend continues, as we expect for today, next support is expected at 1.8470, followed by 1.8400. In upward direction next resistance for today is expected at 1.8770, the break of which would lead to next target 1.8850.

Technical resistance levels: 1.8685 1.8770 1.8850
Technical support levels: 1.8540 1.8470 1.8400

Trading range: 1.8635 - 1.8570
Trend: Downward
Sell at 1.8624 SL 1.8654 TP 1.8584