Weekly Pivot Point: 1.6144.
GBP/USD "Pound Dollar":
Resistance: 1.6203 (sell below this level).
Support: 1.6030 (buy above this level for retesting this level for a short period).
Trading Recommendations:
Range: 296 pips.
Volatility: 476,80 therefore the market indicates the higher volatility.
According to the previous events, the price is still between the levels of 1.6175 and 1.6110.
The descending movement will probably be lower than 1.6203 level with the first targets at 1.6090 and 1.6035 levels.
Buy deals are recommended above the 1.6030 level with targets at 1.6150 and 1.6200 levels.
Weekly Pivot Point:
R3: 1.6625
R2: 1.6440
R1: 1.6329
PP: 1.6144
S1: 1.6033
S2: 1.5848
S3: 1.5737
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
