GBPUSD 2014-12-15

Posted on

GBP/USD: 1.5665
Pound on trading zone
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

short-run

Market may provide good zone for short-sell around 1.5770-90 , while as long as market holding trades below 1.5875 the downtrend wave will sustain toward 1.5380

Med-term
as long as market holding trades below 1.5875 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 1.5755
Level 2 1.5585 1.5825
Level 3 1.5540 1.5875
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