Technical analysis of GBP/USD for June 9, 2015

The weekly echnical analysis of GBP/USD pair:

Trading recommendations:

• According to the previous events, the GBP/USD pair is still moving
  between the levels of 1.5271 and 1.5383. Also, it should be noted that the
  psychological level has set at 1.5291 which represents the weekly pivot point
  on June 9, 2015. Buy above the minor support at 1.5271 with the first target at
  1.5330. In case the trend will be able to break the level of 1.5330, it might move
  towards 1.5414 in order to test the weekly resistance 1. On the other hand, look
  further downside below the resistances of 1.5414 and 1.5400 with targets at 1.5225
  and 1.5201. It should be noted that a double bottom will be formed at the level
  of 1.5200 in the H1 chart.

The material has been provided by InstaForex Company – www.instaforex.com

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