GBPUSD 2014-12-17
GBP/USD: 1.5715
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
market now facing resistance at 1.5755 and 1.5825
as long as market holding trades below 1.5825 the downtrend pressure will sustain , while above 1.5875 the indicators will start to show uptrend pressure
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
so far short-run trading zone still holding between 1.5540 – 1.5875 , while as long as market holding trades below 1.5875 the downtrend wave will sustain
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 | 1.5770-90 |
Level 2 | 1.5585 | 1.5825 |
Level 3 | 1.5540 | 1.5875 |