GBP/USD Daily
Resistance 3: 1.9820
Resistance 2: 1.9780
Resistance 1: 1.9720
Latest New York: 1.9684
Support 1: 1.9650/60
Support 2: 1.9600
Support 3: 1.9550
Comments
Rate drops under the 1.9700 handle to start, look for a test of the 1.9600 area within 24 hours. Close under the 1.9700 handle again needed to wash out the longs.
Upside remains limited in my view but ranges can be wide as evidenced by the past few days of trade. Sell rallies if not short; buying dips dangerous.
