Technical review on GBP/USD 04/01/13

The last few weeks of trading pair GBP / USD shows a smooth correction movement. This week is likely to continue the trend.

Last week, the pair managed to consolidate above the 1.5200 level, which is a positive sign for the bulls.

Trading recommendation: the pair can test the level 1.5380 during the week. Ability to stop can be a resistance 1.5260, which does not prevent the general trend indicated in the recommendation.



The support is at 1.5092. The breakthrough of this level aim pair to reduce to a minimum the 1.5025 March 20, and then - to 1.4829, a minimum of two and a half years, achieved on March 12.

Analyst Igor Vladimirov