Weekly Pivot Point: 1.6081.
GBP/USD "Pound Dollar":
- Resistance: 1.6270 (sell below this level).
- Support: 1.6100 (buy above this level for retesting this level for a short period).
Trading recommendations:
Range: 190 pips.
Volatility: 306,58, therefore, the market indicates the higher volatility.
According to the previous events, the price is still between the levels of 1.6200 and 1.6170.
- The descending movement will probably be lower than the 1.6270 level with the first targets at the 1.6175 and 1.6110 levels.
- Buy deals are recommended above the 1.6105 level with targets at 1.6140 and 1.6170 levels.
Weekly Pivot Point:
R3: 1.6398
R2: 1.6272
R1: 1.6207
PP: 1.6081
S1: 1.6016
S2: 1.5890
S3: 1.5825
