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FX.co ★ GBP/USD weekly technical level for March 25-29, 2013

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Forex Analysis:::2013-03-25T05:27:04

GBP/USD weekly technical level for March 25-29, 2013

GBP/USD weekly technical level for March 25-29, 2013

DESCRIPTION:

Today the GBP/USD already breached above the 1.5246 level, and for this week, the pair will try to reach 1.5305 as the target. But if the pair loses the momentum this currency will fall to the strong support at 1.5199. If 1.5194 is passed too, then the GBP/USD will go to enter the weekly median price at 1.5162 to 1.5111.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

https://instaforex.com

Email: Arief.jakarta@indo.instaforex.com

Yahoo Messenger & Skype: Arief.ifx_jakarta

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

Disclaimer:

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Analyst InstaForex
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