GBPUSD Weekly Technical Analysis (8-12 June,2015) | June 7, 2015

Gbpusd is now facing little support on neckline of head and shoulder. Big bullish pin bar has been made on h4 time frame also. It is indicating some bullish movement on this pair. But if it can break the neckline then gbpusd can down more. So we can wait for successful breakout for sell entry. Near term sell zone 1.5360 area. If we find this pair on that level, then we can go for sell entry and target will be 1.5200 and then 1.5000 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5565

Resistance One (R1): 1.5417

Pivot Point: 1.5294

Support One (S1): 1.5146

Support Two (S2): 1.5023