Trading recommendations:
- According to the previous events, the GBP/USD pair is still trading between the levels of 1.5130 and 1.5214.
- The level of 1.5214 represents strong resistance in the H1 chart.
- So, sell below the level of 1.5214 in the short term with the first target at 1.5150, if the trend fails to break the daily pivot point at 1.5150, then it might resume to 1.5112.
Notes:
- Strong resistance is seen at the level of 1.5214.
- The double top is going to set at 1.5195.
- We expect a range of 160 pips ( 1.5214 - 1.5054) in coming two days.
- The weekly pivot point (1.5054 ) represents the key level this week.
