GBPUSD 2014-12-09

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GBP/USD: 1.5650

Back to down trend

as we advised before , market managed to jump above 1.5625 which allowed farther rebound correction where market managed to hit near our target 1.5700 zone

as long as market holding trades above 1.5625 the uptrend will sustain while above 1.5720 expect 1.5780-90 zone

below 1.5625 the downtrend pressure will back where 1.5585 and 1.5540 will consider as support level

med-term
as long as market holding trades below 1.5870 the downtrend wave will sustain where targets will sustain toward 1.5380 zone

Daily Trend: Down
Weekly Trend: Down

  Support Resistence
Level 1 1.5625 1.5700-20
Level 2 1.5585 1.5780-90
Level 3 1.5540 1.5825

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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