FX.co ★ GBP/USD: Technical analysis for June 27, 2013

Trading recommendations:

According to the previous events, the pair of GBP/USD is still between the levels of 1.5225 and 1.5280.

The descending movement will probably be lower than the 1.5380 level with the first targets at 1.5260 and 1.5200.

Buy deals are recommended above 1.5180 with targets at 1.5287 and 1.5370.

Notes:

Trend (time frame: H1): Downward (there is still an ongoing bearish trend).

Range: 100 pips (Daily).