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

Weekly pivot point:

Trading recommendation:

According to the previous events, the price of the GBP/USD is still between the levels of 1.4960 and 1.4855.

The descending movement will probably be lower than the 1.5030 level with the first targets at 1.4975and 1.4953.

Buy deals are recommended above the 1.4730 level with targets at 1.49 and 1.5010.

Intraday technical levels:

Date & Time:8/07/2013 13:26

Pair:GBP/USD

Projected High:1,5170

Breakout (Buy Stop):1,5105

Strong Resistance (Sell Limit):1,5075

Current Pivot:1,4995 (the weekly pivot point is set at the level of 1.5015).

Strong Support (Buy Limit):1,4850

Breakout (Sell Stop):1,4825

Projected Low:1,4730