GBPUSD 2014-12-10

Posted on

GBP/USD: 1.5670

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 our target 1.5700-20 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
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