Technical analysts place stops at the 1.9700 mark

Commercial Content Analysts
1

[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 ongoing trend channel deems the 1.9700 mark a considerable support-zone.
  • Key price action will take place around the psychological 2.0 level, as interest rate differentials come under debate.