The weekly technical levels of GBP/USD pair.
Trading recommendations:
According to the previous events, the GBP/USD pair has still trapped between 1.6840 and 1.6780. Sell below the level of 1.6864 which represents the weekly resistance 1 with the first target at the 1.6790 price. Moreover, if the trend does not fail to close below the level of 1.6780, It will call for downtrend in order to continue its bearish movement towards 1.6732 in order to test this strong support (it should be noted that the price of 1.6720 is going to form the weekly support 1). At the same time, the stop loss should be placed at the level of 1.6883.
Intraday technical levels:
Date and time:9/06/2014 12:15
Pair: GBP/USD
- Projected high:1.7071
- Breakout (buy stop):1.7016
- Strong resistance (sell limit):1.6986
- Current pivot:1.6770
- Strong support (buy limit):1.6554
- Breakout (sell stop):1.6529
- Projected low:1.6479
