FX.co ★ GBP/USD: Technical analysis (Recommendation) for January 29, 2013

Weekly Pivot Point: 1.5813.

GBP/USD "Pound Dollar":
Resistance: 1.5810 (sell below this level).
Support had been become a minor Resistance: 1.5735 (buy above this level for retesting this level for a short period).

Trading recommendations:
According to the previous events, the price is still between the levels of 1.5730 and 1.5710.
The descending movement will probably be lower than 1.5810 level with the first targets at 1.57750 and 1.5735 levels.
Buy deals are recommended above the 1.5740 level with targets at 1.5780 and 1.5810 levels.

Weekly Pivot Point:

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.