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Technical Analysis Daily: GBP/USD
GBP/USD 1.7719 - Sep 08 08 08:41 GMT

GBP/USD Open 1.7665 High 1.7974 Low 1.7560 Close 1.7679
The British Pound also descended significantly on Friday against the US Dollar to Friday's bottom 1.7560, from which point it started rising to today's top 1.7974, which are the the first support and resistance levels respectively for the currency couple today. If the negative trend continues as we expect for today, next support is expected at 1.7475, followed by 1.7390. In upward direction next resistance for today is expected at 1.8050, the break of which would lead to next target 1.8130.

Technical resistance levels: 1.7975 1.8050 1.8130
Technical support levels: 1.7560 1.7475 1.7390
Trading range: 1.7730 - 1.7685

Trend: Downward
Sell at 1.7719 SL 1.7749 TP 1.7679