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Technical Analysis Daily: GBP/USD
GBP/USD 1.7610 - Sep 09 08 08:57 GMT

GBP/USD Open 1.7665 High 1.7972 Low 1.7469 Close 1.7468
The British Pound also descended significantly on Friday against the US Dollar to Monday's top 1.7972, to today's bottom 1.7469, 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 1.7400, followed by 1.7320. 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: 1.7970 1.8050 1.8130
Technical support levels: 1.7470 1.7400 1.7320
Trading range: 1.7620 - 1.7540

Trend: Downward
Sell at 1.7610 SL 1.7640 TP 1.7550