Weekly pivot point:
Trading recommendation:
According to the previous events, the price of the GBP/USD pair is still between the levels of 1.5270 and 1.5310. The descending movement will probably be lower than the 1.5380 level with the first targets at 1.5280 and 1.5225. Buy deals are recommended above the 1.5191 level with targets at 1.9279 in order to form double top at this level, and it will resume towards 1.5010.
Observations:
Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate. Use historic prices to determine future prices. Stop loss should never exceed your maximum exposure amounts. As a rule, the market has a high volatile if the last day had a huge volatility.