Weekly pivot point:
Trading recommendations:
According to the previous events, the price of the GBP/USD pair is still between the levels of 1.5403 and 1.5370.
The descending movement will probably be lower than the 1.5460 level with the first targets at 1.5360 and 1.5293. Buy deals are recommended above the 1.5280 level with targets at 1.5360 in order to form double top at this level, and it will resume towards 1.5455.
Tools of chart:
It should be noted that the market was so stable and trend was also so clear (upward). Range was: 108 pips (upward). The value of 50% Fibonacci retracement levels is: (High + Low) / 2 = 1.5346. (The key level to confirm a bullish market). Volatility is 276.23 thus the market has called for a high volatile.