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GBP/USD Daily Technical Reports

Spot Price: 2.0519
Technical Analysis:
Market has broken 2.0550 (Monday"s low) to open fresh bout of selling. Further corrective activities are expected down to 2.0460 (July 18 low), before bulls return to the market. Intra-day momentum is negative, reinforcing the near-term down-side bias. Only above 2.0621 will defer losses.

The market startegy is Sell at 2.0500 first target is 2.0460 second target is 2.0410














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