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GBPUSD Technical Analysis 05-05--2015

Rexor Investments

GBP prices lowered against the US dollar since last three days. This pair was going in up word direction smoothly and firmed more than 1300 pips in 13 days before the FOMC meeting but this journey was broken by the FED decision on last Thursday.

GBPUSD in bearish trend for today trading, daily pivot level is 1.5126, support near 1.5081 and resistance near 1.5166. As I mentioned yesterday that 1.5075 is bullish zone for this pair. 1.5125-1.5075 is a critical area for this pair.

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