FX.co ★ GBP/USD technical analysis for April 19, 2013

GBP/USD:

Resistance:1.5415 (sell below this level).

Support: 1.5200 (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 1.5250 and 1.5313.

• The descending movement will probably be lower than the 1.5415 level with the first targets at 1.5325 and 1.5235.
• Buy deals are recommended above the 1.5200 level with targets at 1.5303 and 1.5390.

Intraday Technical Levels:

R3: 1,5417

R2: 1,5365

R1: 1,5322

PP: 1,5270

S1: 1,5227

S2: 1,5175

S3: 1,5132

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