Gbp/usd - Technical Commentary, Trading Strategy, and Support and Resistance Levels

Gbp/usd - Technical Commentary, Trading Strategy, and Support and Resistance Levels


RBS has given the following technical commentary, trading strategy, and support and resistance levels:
TECHNICAL COMMENTARY: Despite the triangle pattern in the hourly charts looking like pressure is building up in the short term my (analyst) bias remains that the ranges will continue to persist between the extremes as outline adjacent between 1.5569 and 1.5724 so continue to look to buy/sell the extremes of those ranges for now. The other pivotal levels within that range look to be 1.5665, 1.5628 and 1.5592
TRADING STRATEGY: Trade the range extremes for now 1.5724 - 1.5569
SUPPORT LEVELS: 1.5665, 1.5598
RESISTANCE LEVELS: 1.5724, 1.5767




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