GBPUSD 12th December 2014
GBPUSD 12th December 2014
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
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 |