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GBPUSD Weekly Technical Analysis (1-5 June,2015) | May 30, 2015



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The weakness of gbpusd was continuing last week. We can expect some retrace on this pair in the coming trading days. Near term resistance is staying at 1.5460 area. It will be good level for sell. We should find sell opportunity from that area. Target will be 1.5100 area. Daily candle of this pair is showing its bear power. So we should stay on sell side.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5615

Resistance One (R1): 1.5452

Pivot Point: 1.5344

Support One (S1): 1.5181

Support Two (S2): 1.5073


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