FX.co ★ GBP/USD technical analysis for January 30, 2013 (signals)

Weekly pivot point: 1.5813.

GBP/USD:
Resistance:1.5810 (sell below this level).
Support became 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 the 1.5810 level with the first targets at 1.57750 and 1.5735.
Buy deals are recommended above the 1.5740 level with targets at 1.5780 and 1.5810.

Weekly pivot point:

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