Weekly Pivot Point: 1.6101.
GBP/USD "Pound Dollar":
Resistance: 1.6125 (sell below this level).
Support: 1.5880 (buy above this level for retesting this level for a short period).
Trading recommendations:
According to the previous events, the price is still between the levels of 1.5945 and 1.6020.
The descending movement will probably be lower than 1.6125 level with the first targets at 1.5940 and 1.5890 levels.
Buy deals are recommended above the 1.5880 level with targets at 1.5955 and 1.6020 levels.
Weekly Pivot Point:
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
