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Forex Center > News > Technicals

GBP/USD Technical Analysis 9 July 2008

09 Jul, 2008 @ 04:33 am EST

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GBP/USD 1.9673 - 9 July

GBP/USD Open 1.9944 High 1.9794 Low 1.9665 Close 1.9689

The British Pound traded in range yesterday against the US Dollar. After climbing to yesterday's top 1.9794 it started descending down to yesterday's bottom 1.9665, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.9600, followed by 1.9530. In upward direction next resistance for today is expected at 1.9900, the break of which would lead to next target 2.0000.

Technical resistance levels: 1.9795 1.9900 2.0000

Technical support levels: 1.9665 1.9600 1.9530

Trading range: 1.9660 - 1.9735

Trend: Upward

Buy at 1.9673 SL 1.9643 TP 1.9723

Today we made already +28 pips profit on GBP/USD from the following signal:

5:58 GMT+1 Buy GBP/USD at 1.9713 SL 1.9687 TP 1.9773 exited at 7:13 GMT+1

Today so far +113, yesterday +127, as shown at www.zifx.com/performance.php

For more forex information, go to www.iForex.bg

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