FX.co ★ GBP/CHF technical analysis for July 26, 2013

Daily trading recommendations:

GBPUSD: According to the previous events, the price has still been trapped between 1.5400 and 1.5375.

Long buying: Buy above 1.5303 with the first target of 1.5390, it might resume to 1.5483.

Short selling: Outlook 1: Swing trade at 1.55 in order to sell with a traget of 1.5410. Outlook 2: Below 1.5350 look for further downside with 1.5300 and 1.5265 targets.

Intraday technical levels:

Date: 26/07/2013

Pair: GBP/USD

Projected High: 1.5693

Breakout (Buy Stop): 1.5638

Strong Resistance (Sell Limit): 1,5608

Current Pivot: 1.5350

Strong Support (Buy Limit): 1.5092

Breakout (Sell Stop): 1.5067

Projected Low: 1.5017