FX.co ★ GBP/USD technical analysis for February 27, 2013

Weekly pivot point: 1.5265.

GBP/USD:

Resistance:1.5270 (sell below this level).
Support: 1.5030 (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 1.5150 and 1.5100.
The descending movement will probably be lower than the 1.5270 level with the first targets at 1.5100 and 1.5533.
Buy deals are recommended above the 1.5030 level with targets at 1.5125 and 1.5260.

Weekly levels:

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