The resistance has already set at the level of 1.5494 as well as the support has also been set at 1.5309. Therefore, according to the previous events, the price has still been trapped between 1.5450 and 1.5420, then it should be noted that the range today will be around 95 pips. Consequently, the trend on the time frame H1 is called for a bearish market at the level of 1.5494. Hence, below 1.5494 look for further downside move with targets at 1.5400 and 1.5309. On the other hand, buy above 1.5300 with the first target at 1.5412; it might resume to 1.5560 in this week in order to test the strong resistance at the level of 1.5500 for June 24 – 28, 2013.
Intraday technical levels:
Date and Time: 24/06/2013 14:21
Pair: GBP/USD
Projected High: 1.5524
Breakout (Buy Stop): 1.5469
Strong Resistance (Sell Limit): 1.5439
Current Pivot: 1.5381
Strong Support (Buy Limit): 1.5322
Breakout (Sell Stop): 1.5297
Projected Low: 1.5247
The material has been provided by InstaForex Company – www.instaforex.com
The material has been provided by InstaForex Company – www.instaforex.com
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