GBP/USD weekly technical levels for December 9-13, 2013
December 9, 2013 6:15 am
Weekly pivot point:
Trading recommendations:
GBPUSD: According to the previous events, the price has still been trapped between 1.6360 and 1.6300.
Long buying:
Buy above 1.8280 with the first target at 1.6350 in order to form a double top, it might resume to 1.6430 to test the first resistance on December 9-13, 2013.
Short selling:
Outlook: Below 1.6441, look for further downside with 1.8385 and 1.6310 targets. It should be noted that at the level of 1.6292, a double bottom will be formed.
Notes:
Projected high: 1.6440
Range: 210 pips (weekly).
Projected low: 1.6215
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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