R: 1.9440 / 1.9490 / 1.9512
S: 1.9400 / 1.9370
GBP-USD rallied to a high of 1.9507 last week but has come back down, as the pair is under pressure as suggested buy a falling GBP against the EUR. Now the GBP-USD has a strong Resistance at 1.9532, which comes on the trendline on the daily joining the highs of 1.9917 (23-Jan) and 1.9675 (27-Feb). If that is crossed then there could be a rally towards 1.9800 in the coming weeks. Unless this 1.9532 is crossed, the pair could stay under pressure.
For today the Resistance for the pair would come in at 1.9440 and then at 1.9490. The statistically projected Max High for the day is at 1.9514. On the downside the Support is at 1.9400 and then at 1.9370. The bias for the pair is neutral.
S: 1.9400 / 1.9370
GBP-USD rallied to a high of 1.9507 last week but has come back down, as the pair is under pressure as suggested buy a falling GBP against the EUR. Now the GBP-USD has a strong Resistance at 1.9532, which comes on the trendline on the daily joining the highs of 1.9917 (23-Jan) and 1.9675 (27-Feb). If that is crossed then there could be a rally towards 1.9800 in the coming weeks. Unless this 1.9532 is crossed, the pair could stay under pressure.
For today the Resistance for the pair would come in at 1.9440 and then at 1.9490. The statistically projected Max High for the day is at 1.9514. On the downside the Support is at 1.9400 and then at 1.9370. The bias for the pair is neutral.
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