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GBP/USD 1.8646 - Aug 21st

The British Pound also climbed significantly yesterday against the US Dollar from Wednesday's bottom 1.8552 to today's top 1.8700, which are the the first support and resistance levels respectively for the currency couple today. If the positive trend continues, as we expect for today, next resistance is expected at 1.8770, followed by 1.8850. In downward direction next support for today is expected at 1.8470, the break of which would lead to next target 1.8400.

Technical resistance levels: 1.8700 1.8770 1.8850
Technical support levels: 1.8550 1.8470 1.8400

Trading range: 1.8635 - 1.8700
Trend: Upward
Buy at 1.8646 SL 1.8616 TP 1.8684