GBPUSD 2014-12-15
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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 |