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GBP/USD: Weekly technical levels for April 29 – May 3, 2013

April 29, 2013 8:00 am
Weekly technical levels
Overview:
Projected High: 1.5886 
Breakout (Buy Stop): 1.5831 
Strong Resistance (Sell Limit): 1.5801 
Current Pivot: 1.5347 
Strong Support (Buy Limit): 1.4892 
Breakout (Sell Stop): 1.4867 
Projected Low: 1.4817 
Weekly Trading Recommendations:
According to previous events, the price has still been trapped between 1.5785 and 1.5307.
Long Buying:
  • Buy above 1.5430 with a first target of 1.5520, it might resume to 1.5610.
Short Selling:
  • Outlook -1-: Swing trade at 1.5690 in order to sell with a traget of 1.5620.
  • Outlook -2-: Below 1.5420 look for further downside with 1.5365 and 1.5310 targets.

 

If you have any questions or requests, please feel free to contact me: [email protected].

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