GBPUSD Daily Forecast Dec 10 2015

blank

The GBPUSD maintained a bullish momentum yesterday, bottomed at the 1.5003 levels and topped at the 1.5190 levels. This development leaves the pair targeting the 1.5270 levels, a halt is likely, but a break would open 1.400 next, further upside, resistance comes at the 1.5525 levels…

On the downside, support comes at the 1.5110 levels ahead of the 1.5003 levels (main), below 1.5003 will reverse risks towards the 1.4893 levels and possibly lower towards the 1.4800 levels…

Conclusion: The GBPUSD continues to face upside threats above the 1.5003 levels, even in the case of a pullback…

 

GBPUSD Daily Forecast Dec 10 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS