Weekly pivot point: 1.5236.
GBP/USD:
Resistance: 1.5230 (sell below this level).
Support: 1.5000 (buy above this level for retesting this level for a short period).
Trading recommendations: (intraday)
According to the previous events, the price is still between the levels of 1.5090 and 1.5020.
- The descending movement will probably be lower than the 1.5230 level with the first targets at 1.5130 and 1.50.
- Buy deals are recommended above the 1.5000 level with targets at 1.5150 and 1.5230.
Intraday technical levels:
Date & Time: 23/05/2013 14:09
Pair: GBP/USD
Projected High: 1.5413
Breakout (Buy Stop): 1.5358
Strong Resistance (Sell Limit): 1.5328
Current Pivot: 1.5096
Strong Support (Buy Limit): 1.4863
Breakout (Sell Stop): 1.4838
Projected Low: 1.4788
