GBPUSD Weekly Technical Analysis (13-17 April, 2015) | April 11, 2015

Gbpusd is staying to its critical support level. Next week, we can see breakout of this level.1.4600-1.4630 area is acting as support level for this pair. If it can break this level successfully, then we can see this pair on 1.4300 area. But we can wait for some retrace to take sell entry on it. Earlier last week, we saw this pair had rejected near to 1.5000 area. After that rejection this pair is falling. So this bearish rally can continue. So we need to catch sell entry from near term resistance. 1.4750 area is good for selling on gbpusd.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5126

Resistance One (R1): 1.4879

Pivot Point: 1.4732

Support One (S1): 1.4485

Support Two (S2): 1.4338