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GBP/USD: intraday technical analysis for May 23, 2013

May 23, 2013 1:00 pm

Weekly pivot point: 1.5236. 

 

GBP/USD: 

Resistance: 1.5230 (sell below this level). 

Support: 1.5000 (buy above this level for retesting this level for a short period). 

Trading recommendations: (intraday)

According to the previous events, the price is still between the levels of 1.5090 and 1.5020. 
  • The descending movement will probably be lower than the 1.5230 level with the first targets at 1.5130 and 1.50.         
  • Buy deals are recommended above the 1.5000 level with targets at 1.5150 and 1.5230.
Intraday technical levels:
Date & Time: 23/05/2013 14:09
Pair: GBP/USD 
Projected High: 1.5413 
Breakout (Buy Stop): 1.5358 
Strong Resistance (Sell Limit): 1.5328 
Current Pivot: 1.5096 
Strong Support (Buy Limit): 1.4863 
Breakout (Sell Stop): 1.4838 
Projected Low: 1.4788 

The material has been provided by InstaForex Company – www.instaforex.com

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