GBPUSD Weekly Technical Analysis (20-24 July, 2015) | July 19, 2015

Gbpusd has rejected from 1.5670 level. We can see rejection candle from that level. So this is good resistance zone. So this pair is giving sell entry. 1.5555 level is near term support area for this pair. If it can break this level, then we can get more bearish movement on this pair. Next target will be 1.5450 area. 2nd target will be 1.5350 level. So below 1.5670 area, we can stay on sell mode on this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5794

Resistance One (R1): 1.5688

Pivot Point: 1.5569

Support One (S1): 1.5463

Support Two (S2): 1.5344