Invezted

Gbp/Usd Roadmap for 22.06.15

FX:GBPUSD   British Pound / U.S. Dollar
37 0 1
Context:
Price rallied in a strong fashion towards the major keylevel of the 50% retracement at 58800
where price currently found resistance . we currently reside at a minor support level at 58115


Trade opportunitys:
Long:
Reversal at minor support at 58115
Pullback after breakout of resistance at 59000

Short:
reversal at resistance 58800
retracement after breakdown of support and demandline at 58115


Signs of strength:

Strong buying pressure

Signs Of weakness:
rejection of 50% retracement


Support:
58115
55600

Resistance:
58800

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