FX.co ★ GBP/USD: Technical analysis for February 8, 2013

Weekly pivot point: 1.5753.

GBP/USD:
Resistance:1.5830 (sell below this level).
Support: 1.5670/1.5650 (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 1.5700 and 1.5730.
The descending movement will probably be lower than the 1.5833 level with the first targets at 1.5775 and 1.5685.
Buy deals are recommended above the 1.5670 level with targets at 1.5750 and 1.5820.

Weekly pivot point:

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