GBP/USD: Technical analysis (Recommendation) for January 25, 2013
Weekly Pivot Point: 1.5957.
GBP/USD "Pound Dollar":
Resistance: 1.5870 (sell below this level).
Support: 1.5760 (buy above this level for retesting this level for a short period).
Trading recommendations:
According to the previous events, the price is still between the levels of 1.5905 and 1.5875.
The descending movement will probably be lower than 1.5860 level with the first targets at 1.5830 and 1.5770 levels.
Buy deals are recommended above the 1.5760 level with targets at 1.5810 and 1.5855 levels.
Weekly Pivot Point:
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
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