GBP/USD 26.6.2013 Support 1.5425 1.5400 1.5380 1.5340 1.5290 Resistance 1.5470 1.5500 1.5535 1.5570 1.5605 The pair is close to 1.5470 levels as shown on the four-hour graph, and despite the upside attempts the pair is still stable below it. Trading below the referred to level forces us to think that the downside move might return, but the pair has to break 1.5380 levels again to support this outlook. The trading range for today is among key support at 1.5290 and key resistance at 1.5605. The general trend over short term basis is to the upside as far as areas of 1.5150 remains intact targeting 1.5975. Recommendation Based on the explanations above, our opinion is selling the pair below 1.5470 targeting 1.5425, 1.5380 then 1.5290 and stop-loss with four-hour closing above 1.5500 might be appropriate
Posted on: Wed, 26 Jun 2013 05:32:58 +0000
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