Forecast (GBP/USD):
According to the previous events, the price has still been trapped between 1.5200 and 1.5130. Buy above 1.5050 with the first target of 1.5203, it might resume to 1.5280. Stop loss should be set below 1.5025. Below 1.5283 (1.5221: 100% of Fibonacci retracement levels) look for further downside with targets at 1.5153 and 1.5070. Stop loss should be set above 1.5330.
Intraday technical levels:
Date and Time: 17/07/2013 14:26
Pair: GBP/USD
Projected High: 1.5498
Breakout (Buy Stop): 1.5443
Strong Resistance (Sell Limit): 1.5413
Current Pivot: 1.5160
Strong Support (Buy Limit): 1.4906
Breakout (Sell Stop): 1.4881
Projected Low: 1.4831
