Technical Analysis Daily: GBP/USD



GBP/USD 2.0351

GBP/USD Open 2.0414 High 2.0428 Low 2.0327 Close 2.0355

The Pound/Dollar continued its consolidation and returned to the bottom line of the formed triangle on daily basis. Support for today is the top from 24 September 2.0320, followed by 2.0449 - a 21 day MA, and the 55 day MA 2.0496. The triangle formation is a sign for probable upward movement, where the first resistance will be 2.0405, followed by the top from 5 October 2.0449, and the top from 1 October 2.0496.

Technical resistance levels: 2.0405 2.0449 2.0496
Technical support levels: 2.0320 2.0252 2.0200

Trading range: 2.0365 - 2.0290

Trend: Downward

Sell at 2.0351 SL 2.0381 TP 2.0301

Yesterday we made +60 pips profit on GBP/USD from the following signal:

5:08 GMT Sell GBP/USD at 2.0425 SL 2.0451 TP 2.0365 TP reached at 9:04 GMT


By: iFOREX.bg



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