GBPUSD Weekly Technical Analysis (6-10 July, 2015) | July 4, 2015

Gbpusd is facing 50% retrace level. On this level, we can see 200 ema and sma. So this pair is fighting with this support. If we find any bullish sign on h4 time frame, then we can go for buy on this pair. If this pair breaks these supports, then we may see more fall on this pair. For buy target will be 1.5750 area, for sell, target will be 1.5450 area and then 1.5200 level.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5868

Resistance One (R1): 1.5709

Pivot Point: 1.5628

Support One (S1): 1.5469

Support Two (S2): 1.5388