GBPUSD Weekly Technical Analysis (15-19 June,2015) | June 13, 2015

A bearish Bat pattern has been formed on gbpusd on h4 time frame. Sell zone lies on 1.5630-1.5650 area. If we find any rejection or bearish candle on that zone, then we can go for sell from that level. Next resistance for this pair lies on 1.5700 and then 1.5800 area. These levels are also good for sell. As this pair is on uptrend, we can also find buy setup from the support area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5835

Resistance One (R1): 1.5696

Pivot Point: 1.5458

Support One (S1): 1.5319

Support Two (S2): 1.5081