The British pound has found a strong resistance below the 1.52 level. According to the table pivots, we expect a decline in the pound until the weekly pivot point level of 1.5039. At this level we recommend you buying with objectives to first weekly resistance 1.5249. On the other hand, if the rate closes below 1.50, the market could gain strength, up to the level of 1.4903 and 1.4693.
Signals for March 18 - 23, 2013
Buy if rebound is around 1.5039 with take profit at 1.5249, stop loss is below 1.50.
Sell if it closes below 1.5001, with take profit at 1.4903, stop loss is above pivot point of 1.5039.
____WEEKLY_____
Weekly - R3 = 1.5595
Weekly - R2 = 1.5385
Weekly - R1 = 1.5249
Weekly Pivot = 1.5039
Weekly - S1 = 1.4903
Weekly - S2 = 1.4693
Weekly - S3 = 1.4557
If you would like to get this indicator, feel free to contact me via e-mail: gerardo.porras@analytics.instaforex.com
_____MONTHLY____
Monthly - R3 = 1.6475
Monthly - R2 = 1.6176
Monthly - R1 = 1.5670
Monthly Pivot = 1.5371
Monthly - S1 = 1.4865
Monthly - S2 = 1.4566
Monthly - S3 = 1.4060
