Key price action will take place around the psychological 2.0 level, as interest rate

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[I][U]GBP/USD Technical:[/U][/I] [B]GBP/USD
[/B]- [B]Resistance:[/B] 2.0000

  • [B]Support:[/B] 1.9700
  • Trending higher past the 2.00 barrier, analysis of Fibonacci retracement levels with regard to ongoing trend channel deems the 1.9700/ 50% mark a considerable support-zone as many technical analysts place stops at this level.


[I][B]See Daily Technicals for more details:[/B][/I]