The weekly technical analysis of GBP/USD pair:
Trading recommendations:
- According to the previous events, the GBP/USD pair will move between the levels of 1.4190 and 1.4393 in coming hours. We expect the trend to call for the bullish market at the level of 1.4186. As a result, buy at the level of 1.4186 with the first target at 1.4328, it might resume to 1.4393 in order to test the weekly resistance 1. Stop loss should be placed below 1.4186. It will be helpful to set it at the level of 1.4126 35 for the next two days.
Review:
- According to the previous events, the GBP/USD pair will move between the levels of 1.4190 and 1.4393 in coming hours.
- Resistance is seen at the level of 1.4393.
- Support is already found at the level of 1.4190.
- We expect a new range about 210 pips in days to come.
- The key level will be set at 1.4236, the level which represents the weekly pivot point.
