FX.co ★ GBP/USD: technical analysis for September 27, 2013

Daily pivot point: 1.6020.

GBP/USD:

• Resistance: 1.6150 (sell below this level).
• Support: 1.5875 (buy above this level for retesting this level for a short period).

Trading recommendations:

• According to the previous events, the price is still between the levels of 1.6055 and 1.5990
• The descending movement will probably be lower than the 1.6130 level with the first targets at 1.6020 and 1.5925.
• Buy deals are recommended above the 1.5900 level with targets at 1.5970 and 1.6080.