Weekly technical levels:
Trading Recommendations :
According to previous events, the price has still been trapped between 1.5425 and 1.5315.
Buy above 1.5253 with a first target of 1.5388, it might resume to 1.5500.
Below 1.5537 (78% of Fibonacci retracement levels) look for further downside with 1.5430 and 1.5303 targets.
Observations :
Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.
Use historic prices to determine future prices.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via GBP/USD: Weekly technical levels for May 13 -- 17, 2013 . Thanks for your support on GBP/USD: Weekly technical levels for May 13 -- 17, 2013
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