FX.co ★ GBP/USD weekly technical levels for April 8 - 12, 2013

Weekly technical levels:

Forecast:

The first weekly resistance will be formed at a strong level for short selling at the level of 1.5452 (it should be noted that the level of 1.5452 is going to form a peak level for this week) with the first target of 1.5242 (the weekly pivot point for April 8 -12, 2013), it might resume to 1.5200. A stop loss should be placed above resistance at 1.5505.

Important levels for April 8 - 12, 2013:

Projected High: 1.5758

Breakout (Buy Stop): 1.5703

Strong Resistance (Sell Limit): 1.5673

Strong Support (Buy Limit): 1.4710

Breakout (Sell Stop): 1.4685

Projected Low: 1.4635

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