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



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Gbpusd jumped up during NFP news after breaking 1.4870 level. Last week, this pair has tested this level many times and finally broke at the NFP news. Now this pair is looking for testing 1.5000 area again. This area will be very strong for this pair. It needs more power to break this resistance. If it fail to break, then we can see bearish rally again. For taking sell from this resistance, we need to wait for rejection or bearish candle on near to 1.5000 resistance area. For sell, target will be 1.4750 area.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.4893

Resistance One (R1): 1.4816

Pivot Point: 1.4866

Support One (S1): 1.4789

Support Two (S2): 1.4839


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