GBPUSD Weekly Analysis (27 April-1 May, 2015) | April 25, 2015

Gbpusd is now on bullish momentum. This pair has broken its important resistance area. For several days this pair tried to break this resistance. At last this pair has broken this area successfully. This pair can extend its bullish rally again. For taking buy, we can wait for little retrace. This pair is following a uptrend line. If gbpusd touches this trend line, then we can go for buy. Next resistance lies on 1.5230 area. If it can break this resistance, then we can see 100 pips bullish movement upto 1.5330 which is good resistance for this pair.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5407

Resistance One (R1): 1.5296

Pivot Point: 1.5076

Support One (S1): 1.4965

Support Two (S2): 1.4745