FX.co ★ GBP/USD: Technical analysis for February 13, 2013

Weekly pivot point: 1.5758.

GBP/USD:

Resistance:1.5600 (sell below this level).

Support: 1.5450 (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 1.5580 and 1.5520

The descending movement will probably be lower than the 1.5600 level with the first targets at 1.5530 and 1.5475.

Buy deals are recommended above the 1.5450 level with targets at 1.5525 and 1.5590.

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