If we look at the triangle pattern of this currency, volatility should be taken into consideration. Maybe for this week the GBP/USD pair will stick between its strong support (1.5128-1.5132) and its strong resistance (1.5220-1.5224).
However, if in the course of the week the GBP/USD pair can breach bellow the strong support level (1.5128-1.5132), then 1.5092 and 1.5047 will be its targets for this week. On the opposite, if this currency can breach above the strong resistance level (1.5220-1.5224), then 1.5260 and 1.5305 will be its next targets for this week.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
Yahoo Messenger and Skype : Arief.ifx_jakarta
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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