GBPUSD 2014-12-29

Posted on

GBP/USD: 1.5570

Pound on trading zone

market still holding short-run trading zone for the end of this year

market now facing resistance at 1.5685 and 1.5785

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 managed to offer good opportunity to short-sell around 1.5770-90, already done , while as long as market holding trades below 1.5875 the downtrend wave will sustain toward 1.5380

market managed to fell below 1.5540 indicating the continues pressure toward 1.5380 , while resistance now lying at 1.5600 and 1.5660

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 1.5485 1.5600
Level 2 1.5380 1.5680
Level 3 1.5250 1.5735
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