GBPUSD 2015-12-23
GBP/USD
1.4851
Market maybe trying to rebound from between R1 & R2 area of 1.4844 -1.4869 area.
Market does look like it favors a downwards move as a continuation of its current trend before making a corrective move upwards based on the pattern shown in the charts above at D point potentially.
The above shown geometric pattern signals a probable downward continuation move toward its targets of 1.4805- 1.4722
Support | Resistence | |
Level 1 | 1.4805 | 1.4844 |
Level 2 | 1.4751 | 1.4869 |
Level 3 | 1.4722 | 1.4904 |