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GBPUSD Weekly Technical Analysis (13-17 July, 2015) | July 11, 2015



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After big fall, gbpusd has started some bullish movement. Now it has found resistance on 200 ema and 200 sma on h4 time frame. It has rejected from that moving average. Below this moving average, this pair will face resistance which can force this pair to continue its bearish rally again. We can see horizontal resistance at 1.5535 level. On 1.5560 level, we can 100 ema on h4 chart. So we can look for sell from this level.


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Weekly Pivot, Support and Resistance

Resistance Two (R2): 1.5783

Resistance One (R1): 1.5638

Pivot Point: 1.5484

Support One (S1): 1.5339

Support Two (S2): 1.5185


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