FX.co ★ GBP/USD Weekly and Monthly Pivot Points, For 28 - 30, November/ 01- 02 December, 2011

We have two graphs, one weekly and one monthly. The strategy we should do is buy the supports S1, (we must be cautious because if the market is bearish try to fall, until weekly support S2) S2, (at this level there is greater probability that the price rebound, at least to the weekly S1.) S3 (severe long-term strategy with the objective of take profit, to the weekly pivot point.) on the other side. The same applies when a market is bullish expect the levels of R1, R2, R3 to sell and take advantage of the price correction.

_____WEEKLY____
Weekly - R3 = 1.6061
Weekly - R2 = 1.5930
Weekly - R1 = 1.5685
Weekly Pivot = 1.5554
Weekly - S1 = 1.5309
Weekly - S2 = 1.5178
Weekly - S3 = 1.4933

_____MONTHLY____
Monthly - R3 = 1.7304
Monthly - R2 = 1.6735
Monthly - R1 = 1.6410
Monthly Pivot = 1.5841
Monthly - S1 = 1.5516
Monthly - S2 = 1.4947
Monthly - S3 = 1.4622