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Technical Analysis Daily: GBP/USD
GBP/USD 1.7634 - Sep 10 08 08:38 GMT

GBP/USD Open 1.7665 High 1.7694 Low 1.7504 Close 1.7610

The British Pound also rose significantly yesterday against the US Dollar from Tuesday's bottom 1.7504, to the top 1.7694, 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 1.7770, followed by 1.7860. In downward direction next support for today is expected at 1.7430, the break of which would lead to next target 1.7350.

Technical resistance levels: 1.7695 1.7770 1.7860
Technical support levels: 1.7504 1.7430 1.7350
Trading range: 1.7620 - 1.7685

Trend: Upward
Buy at 1.7634 SL 1.7604 TP 1.7674