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alexander.gorodynsky
Nov 9, 2015 8:47 AM

GBPUSD 

British Pound/U.S. DollarFXCM

Description


the pivot point is at the level of 1,516.

Our preference: SELL below 1,516 with target points 1,4975 and 1,487.

Alternative scenario: an upside Breakout of the 1,516 level will open the way to 1,522 and 1,5275.

Analysis: While the asset has not broken up the resistance level of 1,515, there is a high probability of falling below 1,4975.
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The levels of support and resistance:
1,5275
1,522
1,516
1,5069 closing Price
1,4975
1,487
1,479
Comments
Rajendram
how you get the pivote point 1.516 ??? pless
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