GBP/USD: Resistance: 1.6150 (sell below this level). Support: 1.5875 (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 1.6055 and 1.5990 The descending movement will probably be lower than the 1.6130 level with the first targets at 1.6020 and 1.5925. Buy deals are recommended above the 1.5900 level with targets at 1.5970 and 1.6080.
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Friday, September 27, 2013
GBP/USD: technical analysis for September 27, 2013
GBP/USD: Resistance: 1.6150 (sell below this level). Support: 1.5875 (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 1.6055 and 1.5990 The descending movement will probably be lower than the 1.6130 level with the first targets at 1.6020 and 1.5925. Buy deals are recommended above the 1.5900 level with targets at 1.5970 and 1.6080.