GBP/USD weekly technical analysis for April 15-19, 2013
April 15, 2013 6:30 am
For the whole this week the GBP/USD has been trying to enter the median level between 1.5345-1.5304. If this currency has strong bearish pressure, it will try to breach the strong support between the 1.5279 to 1.5275. If it succeeds, it will be going to the first target at 1.5238 and 1.5191 as the secondary target. The opposites scenario: if this week the GBP/USD breaches above the strong resistance at 1.5370 to 1.5374, then 1.5411 will be the first target for this pair and 1.5458 will be the secondary target for this week.
For the whole this week the GBP/USD has been trying to enter the median level between 1.5345-1.5304. If this currency has strong bearish pressure, it will try to breach the strong support between the 1.5279 to 1.5275. If it succeeds, it will be going to the first target at 1.5238 and 1.5191 as the secondary target. The opposites scenario: if this week the GBP/USD breaches above the strong resistance at 1.5370 to 1.5374, then 1.5411 will be the first target for this pair and 1.5458 will be the secondary target for this week.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: [email protected]
Yahoo Messenger & Skype: Arief.ifx_jakarta
The material has been provided by InstaForex Company – www.instaforex.com
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