Weekly pivot point:
Trading recommendations:
GBPUSD: According to previous events, the price has still been trapped between 1.5140 and 1.5100.
Long buying:
Buy above 1.5050 with the first target at 1.5133, it might resume to 1.5221 in order to form double top.
Short selling:
Outlook -1-: Swing trade at 1.5280 in order to sell with the traget at 1.5135.
Outlook -2-: Below 1.5025 look for further downside with 1.4920 and 1.4812 targets. It should be noted that at the level of 1.4812 double bottom will be formed.
Intraday technical levels:
Date: 15/07/2013
Pair: GBP/USD
Projected high: 1.5715
Breakout (Buy stop): 1.5660
Strong Resistance (Sell limit): 1.5630
Current pivot: 1.5017
Strong support (Buy limit): 1.4403
Breakout (Sell stop): 1.4378
Projected low: 1.4328
