The GBP/USD pair broke higher during the course of the week, touching the 1.58 level. We did pullback a little bit from there, but at the end of the day it does in fact look like we are going to go higher.

PIVOT POINTS WEEKLY

S3        S2        S1        P         R1       R2      R3

1.48 1.5220 1.5480 1.5640 1.5890 1.6065 1.6490

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk