GBPUSD Weekly Analysis (29 June - 3 July, 2015) | June 27, 2015

Gbpusd started falling after big bullish rally. Now it is staying just above support level at 1.5670 area. With the break of the support we can expect more down on this pair. So we can wait for breakout of this support for further downward rally on this level. On the upper side 1.5770 level, we can wait for upside break for bullish rally on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.601

Resistance One (R1): 1.5868

Pivot Point: 1.5768

Support One (S1): 1.5626

Support Two (S2): 1.5526