[tgamin]

GBP/USD 22/7/8

1) Short-term Intraday analysis.
GBP/USD has broken 1.9995 yesterday. To consider this brake as a beginning of a new movement we are looking for daily’s closing above 2.0050 level is 2.0175 target movement in this case. We see 2.0015 as a first support level and yesterday’s resistance level of 1.9990 is going to be support level for today.
So we are carefully looking for a bullish movement up to 2.02 levels.
Intraday sentiment: bullish
2) Weekly perspective.
As Sterling did not close 1.992 yesterday and still rising we consider 1.999 as a first support level. Today’s closing above 2.0040 could mean the beginning of a new upward movement with potential of 2.02-2.024 progress.
Intraday sentiment: bullish