FX.co ★ GBP/USD: weekly technical levels for June 3 -- 7, 2013

Weekly technical levels:

Trading recommendations:

According to previous events, the price has still been trapped between 1.5290 and 1.5188.

Buy above 1.5150 with the first target of 1.5240, it might resume to 1.5300. Stop loss should be set below 1.5125.

Below 1.5380 (161.8% of Fibonacci retracement levels) look for further downside with targets at 1.5290 and 1.5188. Stop loss should be set above 1.5410.

Strong levels:

1.5395, 1.5302, 1.5240

1.4935, 1.4995, 1.5156