Daily pivot point: 1.6266.
GBP/USD:
- Resistance: 1.6390 (sell below this level).
- Support: 1.6166 (buy above this level after a retest in the short term).
Trading recommendations:
- According to the previous events, the price has been between the levels of 1.6305 and 1.6245
- The descending movement will probably be lower than the 1.6387 level with the first targets at 1.6335 and 1.62.
- Buy orders are recommended above the 1.6166 level with targets at 1.6290 and 1.6340.
Note: The weekly pivot point for Decembe 16-20, 2013 will be determined at 1.6340.
