FX.co ★ Weekly technical levels of GBP/USD for December 23-26, 2014

The weekly technical levels of GBP/USD pair.

Trading recommandations:

• According to the previous events, the price of GBP/USD pair is still trapped between the levels of 1.5651 and 1.5515.
• The level of 1.5651 represents the weekly pivot point and the minor resistance is set at 1.5602.
• Therefore, sell below the level of 1.5602 in the short term with the first target of 1.5518 which represents the weekly support 1. If the price can break the weekly support 1, then it might resume to 1.5466 in order to resume new double bottom.