GBPUSD 2014-12-29
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 |