Trading recommandations:
According to the previous events, the price of GBP/USD pair has still been trapped between 1.6866 and 1.6955. The minor resistance has set at the level of 1.6960. The level of 1.6991 is representing strong resistance today (June 13, 2014). Also, it should be noted that the price of 1.6991 is coinciding with the ratio of 100% Fibonacci retracement levels. So, the market is going to call in uptrend for that the trend will try to break the resistances (1.6960 - 1.6991). Therefore, buy above the level of 1.6870 in the long term with the first target of 1.6960, it might resume to 1.6991 if the trend is able to break the minor resistance at 1.6956.Intraday technical levels:
Date: 13/06/2014
Pair: GBP/USD
Projected high: 1.7160 Breakout (buy stop): 1.7105 Strong resistance (sell limit): 1.7075 Current pivot: 1.6858 Strong support (Buy limit): 1.6640 Breakout (lell Stop): 1.6615 Projected low: 1.6565