Trading recommendations:
The resistance of the GBP/USD pair has already set at 1.6520 and a minor resistance place at the level of 1.6400. Furthermore, it will be quite profitable to sell below this level (1.6400) for retesting this level in the long term. Therefore, sell deals are recommended below 1.6400 with targets at 1.6333 (the level of 1.6333 represents the last opining gap) and resume towards the level of1.6278 to reach a strong support on 19th of September 2014. On the contrary, the support is going to set at the level of 1.6278 today. Consequently, the ascending movement will probably be higher than the 1.6278 level with the target at the key price 1.6360.Notes:
We expect a new range about 85 pips today. The key level will set at the level of 1.6360. The support of the GBP/USD pair has already set at 1.6278. Moreover, the weekly support 1 will set at the same level.