Weekly pivot point: 1.5236.
GBP/USD:
Resistance: 1.5230 (sell below this level).
Support: 1.5000 (buy above this level for retesting this level for a short period).
Trading recommendations: (intraday)
According to the previous events, the price is still between the levels of 1.5090 and 1.5020.
The descending movement will probably be lower than the 1.5230 level with the first targets at 1.5130 and 1.50. Buy deals are recommended above the 1.5000 level with targets at 1.5150 and 1.5230.
Intraday technical levels:
Date & Time: 23/05/2013 14:09
Pair: GBP/USD
Projected High: 1.5413
Breakout (Buy Stop): 1.5358
Strong Resistance (Sell Limit): 1.5328
Current Pivot: 1.5096
Strong Support (Buy Limit): 1.4863
Breakout (Sell Stop): 1.4838
Projected Low: 1.4788