FX.co ★ GBP/USD: Weekly technical levels for May 13 -- 17, 2013

Weekly technical levels:

Trading Recommendations:

According to previous events, the price has still been trapped between 1.5425 and 1.5315.

Buy above 1.5253 with a first target of 1.5388, it might resume to 1.5500.

Below 1.5537 (78% of Fibonacci retracement levels) look for further downside with 1.5430 and 1.5303 targets.

Observations:

Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.

Use historic prices to determine future prices.