Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork.
Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected.
If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where...
After two unsuccesful attempts to jump above the main trendline from June 1, i'm expecting GBPUSD to break major resistance level @ 1.56750 and reach 1.57000 - 1.57200 this week.
A positive USD unemployment rate will increase the presure on EUR. (expected).
Greek referandum will not affect anything at all. But in my opinion whatever the result will be, the pressure on $EURUSD will also increase. Hold on to your hats!
Well I'm new to drawing so it is not very technical. But idea and pattern is clear.
The political situation in Turkey is still unclear and it will be the same at least for 2 months.
So the price level will depend on EUR zone macro economical situations for a little while.
Testing 45 days moving average (high).
