Overview:
- GBP/USD: The resistance has been already set at the level of 1.6280 (the weekly pivot point sets at the level of 1.6169) as well as the support has been set at 1.6115 for November 28 - 29, 2013. Therefore, according to the previous events, the price has still been trapped between 1.6230 and 1.6190, then it should be noted that the range today will be around 75 pips. Consequently, the trend in H1 time frame is calling for a bearish market at the level of 1.6280. Hence, below 1.6280 it looks for further downside move with targets at 1.6170 and 1.6115 today. On the other hand, buy above 1.6110 with the first target at 1.6180, it might resume to 1.6230 in order to test the strong support of this week (1.6280).
Intraday technical levels:
Date and Time: 27.11.2013 03:34
Pair: GBP/USD
- Projected High:1.6431
- Breakout (Buy Stop):1.6376
- Strong Resistance (Sell Limit):1.6346
- Current Pivot:1.6186
- Strong Support (Buy Limit):1.6025
- Breakout (Sell Stop):1.6000
- Projected Low:1.5950
