GBPUSD Weekly Analysis (30 March-3 April, 2015) | March 28, 2015

Gbpusd fell after fighting with important resistance. 1.5000 area is near term resistance for this pair. It failed to break this level last week. We saw rapid falling last week on this pair. A big bearish engulfing pattern was formed on this resistance level. Below this resistance level, we can stay on down side on this pair. We can look for sell entry on this pair. Target will be 1.4600 area. Best selling zone for this pair is 1.4950-1.4970 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5085

Resistance One (R1): 1.4980

Pivot Point: 1.4887

Support One (S1): 1.4782

Support Two (S2): 1.4689