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iFOREX.bg GBP/USD Technical Analysis 29 July 2008

Published 07/29/2008, 12:43 AM
Updated 01/01/2017, 02:20 AM
GBP/USD 1.9930 - 29 July
GBP/USD Open 1.9911 High 1.9969 Low 1.9843 Close 1.9940

The British Pound also climbed insignificantly yesterday against the US Dollar from Monday's bottom 1.9843 to the top 1.9969, which are the the first support and resistance levels respectively for the currency couple today. The positive sentiment for the GBP/USD remains intact. If the positive trend continues, next resistance is expected at 2.0110, followed by 2.0200. In downward direction next support for today is expected at 1.9770, the break of which would lead to next target 1.9700.
Technical resistance levels: 1.9970 2.0110 2.0200
Technical support levels: 1.9845 1.9770 1.9700

Trading range: 1.9920 - 1.9980
Trend: Upward
Buy at 1.9930 SL 1.9900 TP 1.9970


Today we made already +40 pips profit on GBP/USD from the following signal:
5:58 GMT+1 Buy GBP/USD at 1.9929 SL 1.9903 TP 1.9989 exited at 7:40 GMT+1
Today so far +82, yesterday +133, as shown in details at our web site.

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