GBPUSD Daily Forecast Dec 09 2015

Outlook in GBPUSD remains neutral at the moment, resistance comes at the 1.5155 levels while support comes at the 1.4885 levels…

On the downside, a failure to hold above the 1.5115 levels could mean a return to the 1.4885 levels, a halt is likely, but a cut would open 1.04675, further down, support comes at the 1.04615 levels…

On the upside, resistance comes at the 1.5155 levels, a break will put the pair in the recovery mode and open the 1.5400 levels before the next possible fall…

Conclusion: The GBPUSD continues to consolidate with downside risk below 1.5155 levels…Note that minor support comes at the 1.4992 levels, below 1.4992 will open 1.4885 levels while above 1.4992 could mean a return to 1.5155 levels…

GBPUSD Daily Forecast Dec 09 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS