Analysis by: ForexRoyals
Currency: GBP/USD
Trend Expected Direction: Up.
Method: Resistance and Support levels , Pivot points.
Description: The Currency pair has reached a strong resistance level at 1.5900 and is still above the pivot point 1.5818. We strongly believe that it will continue upwards to reach the resistance at 1.5900.
Action: Best action is to buy above the Pivot point.
Target Area: First target 1.5900 , second target 1.5930.
Stop Loss: Below the Pivot point at 1.5785.
