GBPUSD Technical Outlook (26-30 January,2015) | January 25, 2015

GBPUSD has broken its physiological level at 1.5000. At last this pair is able to break this level. It was trying to break since last two weeks. Next target for this pair is 1.4810 area and this is multi-month low level. So it can be critical level for this pair. We saw two time pull back from that level. So we can watch that level and if we see any bullish price action signal then we can start buy from that level.


In weekly chart, we can see that this pair is below 1.5000 level. So we can expect more down on this pair. If it break 1.4800 level, then it will get free space for more fall and then long term target will be 1.4200



Weekly Pivot, Support and Resistance


Resistance Two (R2): 1.5307

Resistance One (R1): 1.5146

Pivot Point: 1.5047

Support One (S1): 1.4886

Support Two (S2): 1.4787