GBPUSD Weekly Technical Analysis (22-26 June, 2015) | June 20, 2015

Gbpusd has broken its resistance level at 1.5815. It is now looking for new high in the coming trading days. We need to wait for little retrace and then buy from recent support level. This pair is following a uptrend line. We can look for buy from the trend line. 1.5800 area is good level for buy. Another buy area is 1.5750 level where we can see 100 moving average on h1 time frame. For taking buy entry we need to wait for bullish candle confirmation.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.6211

Resistance One (R1): 1.6048

Pivot Point: 1.5768

Support One (S1): 1.5605

Support Two (S2): 1.5325