FX.co ★ GBP/USD: Weekly technical levels for March 25 - 29, 2013

Weekly technical levels:

Forecast:

The weekly resistance two will be formed at a strong level to short selling at the level of 1.5390 with a first target of 1.5315, it might resume to 1.5255. A stop loss should be placed above resistance at 1.5445.

Warning:

• Stop loss should never exceed your maximum exposure amounts.
• Risk to reward ratios is important and should be calculated.

Example:

• A risk reward ratio of 1:1.5 is recommended:
• Risk: 70 pips should be making a profit of 105 pips. <=> 70 pips * 1:1.5 = 705 pips.

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