GBP/USD: Technical Analysis for January 4, 2013
Weekly Pivot Point: 1.6172.
GBP/USD "Pound Dollar":
Resistance: 1.6150 (sell below this level).
Support: 1.5980 (buy above this level for retesting this level for a short period).
According to the previous events, the price is still between the levels of 1.6088 and 1.6053.
The descending movement will probably be lower than 1.6150 level with the first targets at 1.6030 and 1.5990 levels.
Buy deals are recommended above the 1.5980 level with targets at 1.6053 and 1.6113 levels.
Weekly Pivot Point:
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