FX.co ★ GBP/USD technical analysis (the cable in a range) for March 6, 2013

Weekly pivot point: 1.5081.

GBP/USD: "pound dollar"
United Kingdom / United States

Resistance: 1.5175 (sell below this level).

Support: 1.5081(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 1.5115 and 1.5155.

The descending movement will probably be lower than 1.5175 level with the first targets at 1.5135 and 1.5085.

Buy deals are recommended above 1.5081 level with targets at 1.5140 and 1.5172.

Weekly levels:

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