GBP/USD technical analysis for April 19, 2013

GBP/USD:

Resistance:1.5415 (sell below this level).

Support: 1.5200 (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 1.5250 and 1.5313.

The descending movement will probably be lower than the 1.5415 level with the first targets at 1.5325 and 1.5235. Buy deals are recommended above the 1.5200 level with targets at 1.5303 and 1.5390.

Intraday Technical Levels:

R3: 1,5417

R2: 1,5365

R1: 1,5322

PP: 1,5270

S1: 1,5227

S2: 1,5175

S3: 1,5132

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.