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GBP/USD 1.8430 - Aug 26 08 08:27 GMT
GBP/USD Open 1.8518 High 1.8587 Low 1.8371 Close 1.8528

The British Pound also descended significantly yesterday against the US Dollar from Monday's top 1.8587 to today's bottom 1.8371, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues as we expect for today, next support is expected at 1.8300, followed by 1.8220. In upward direction next resistance for today is expected at 1.8660, the break of which would lead to next target 1.8730.

Technical resistance levels: 1.8585 1.8660 1.8730
Technical support levels: 1.8370 1.8300 1.8220

Trading range: 1.8440 - 1.8360
Trend: Downward
Sell at 1.8430 SL 1.8460 TP 1.8370