FX.co ★ GBP/USD intraday technical analysis for September 23, 2013

The GBP/USD pair has an unclear bias for today, it will move in a ranging situation. If today it can breach and close above the M3 level at the 1.6038, it will have a chance to take the Resistance. 1 level at 1.6055. On the contrary, if it can breach and close below the M2 level at 1.5998, it will move to Support. 1 level at 1.5975.

INTRADAY PIVOT LEVELS:

Resistance. 3: 1.6135.

Midpoint. 5: 1.6118.

Resistance. 2: 1.6101.

Midpoint. 4: 1.6078.

Resistance. 1: 1.6055.

Midpoint. 3: 1.6038.

Pivot Point: 1.607021.

Midpoint. 2: 1.5998.

Support. 1: 1.5975.

Midpoint. 1: 1.5958.

Support. 2: 1.5941.

Midpoint. 0: 1.5918.

Support. 3: 1.5895.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

Email: Arief.jakarta@indo.instaforex.com

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

Disclaimer:

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.